Low
High
New Renters per New Instruction
Foxtons - Lettings Market
While applicant demand fell year on year, the number of new renters
per new instruction decreased in a similar fashion. On average, there
were three less renters per instruction across London, with the figure
sitting at 14 applicants per instruction.
Compared to February, March experienced a slight increase. East
London saw the highest increase of 23%, with 15 new renters per new
instruction.
New Renters per New Rental Instruction Over Time - Foxtons Network
0
5
10
15
20
25
30
35
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2021 2022 2023 2024
New Renters per New Rental Instruction by Foxtons Office Area - YTD
-25%
4%
New Renters per New Instruction by Area
Areas
YTD Last YTD YoY
Central 9 10 -9%
East 15 20 -27%
North 15 19 -24%
South 19 27 -31%
Surrey 11 14 -21%
West 18 30 -40%
Total 14 18 -25%
New Renters per New Instruction by Area
Areas
Last Month 2 Months Ago MoM
Central 9 9 5%
East 15 12 23%
North 15 17 -9%
South 20 17 15%
Surrey 11 11 2%
West 17 21 -16%
Total 14 14 4%
Year-on-year
Month-on-month
2024 vs 2023
March vs February
4