Low
High
New Renters per New Instruction
Foxtons - Lettings Market
The market is growing at a steadier rate than last year, so while the
ratio of new renters per new instruction increased 8% from April to
May, competition decreased 5% year on year.
South and West London remained the most competitive regions,
as both areas had 27 renters per each new instruction year-to-date.
This was a 9% increase compared to last year in West London.
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
2020 2021 2022 2023
New Renters per New Rental Instruction by Foxtons Office Area - YTD
-5%
8%
New Renters per New Instruction by Area
Areas
YTD Last YTD YoY
Central 10 12 -10%
East 19 21 -10%
North 20 23 -16%
South 27 29 -6%
Surrey 16 14 12%
West 27 25 9%
Total 18 19 -5%
New Renters per New Instruction by Area
Areas
Last Month 2 Months Ago MoM
Central 11 11 3%
East 20 17 16%
North 20 19 3%
South 27 24 11%
Surrey 18 19 -7%
West 26 21 24%
Total 18 17 8%
Year-on-year
Month-on-month
2023 vs 2022
May vs April
4