Applicant Budgets
Foxtons - Lettings Market
Rental applicant budgets have held a steady 2% increase month
on month since April, and this trend was consistent through July.
So far, budgets have been higher than previous years with a 7%
increase from 2022 year to date.
North, East and West London all had an 11% increase in average
rental budgets year to date in 2023, which is the largest increase
so far this year.
Average Renter Budget Over Time - Foxtons Network
£400
£420
£440
£460
£480
£500
£520
£540
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 2021 2022 2023
Renter Budgets by Area
Areas
YTD Last YTD YoY
Central £578 £547 6%
East £535 £480 11%
North £527 £475 11%
South £478 £458 4%
Surrey £428 £417 3%
West £475 £427 11%
Total £514 £479 7%
1 2
Studio
£489
7%
1 bed
£443
8%
2 bed
£534
8%
3 3 bed
£632
7%
7%
2%
Year to Date
YoY
Year-on-year
Month-on-month
2023 vs 2022
July vs June
5