Renter Spend
Average % of Rental Budget Spent
Foxtons - Lettings Market
Average % Renter Budget Spent on Rent Over Time - Foxtons Network
90%
95%
100%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 2021 2022 2023
The average percentage of rental spend in July remained at 99%,
which was 2% higher than 2022 year to date.
Central London was the only region where renters were, on
average, spending higher than their budgets, with the average
sitting at 102%. Of all rental deals over budget year to date, 36% of
them were in Central London.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 102% 99% 4% 102% 103% -1%
East 98% 97% 1% 98% 97% 2%
North 99% 96% 3% 97% 98% -1%
South 98% 97% 1% 96% 98% -1%
Surrey 102% 98% 4% 102% 100% 1%
West 97% 96% 1% 97% 96% 1%
Total 99% 97% 2% 99% 99% -0%
60%
33%
8%
Under Budget Over Budget On Budget
% of Renter Budget Spent by
100% means renters are spending exactly their budget. Anything over 100% means renters
are spending over budget. Under 100% means renters are spending under budget.
2%
-0%
Year-on-year
Month-on-month
2023 vs 2022
July vs June
Category - YTD 2023
8