1
2
3
Studio
£458
£592
£818
1 bed flat
2 bed flat
3 bed flat
Houses
£759
15%
12%
15%
11%
£359
Rent Achieved
Average Weekly Rent Achieved YTD and YoY Change
Foxtons - Lettings Market
Average Rent Achieved Over Time - Foxtons Network
£350
£400
£450
£500
£550
£600
£650
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 2021 2022 2023 15%
The average weekly rent surpassed £600 in May, an 8% increase on
April and a 13% increased year-on-year. This is the highest figure
we've seen in the last 4 years.
Central London, once again, achieved the highest average weekly
rent. However East London showed the highest year-on-year
increase at 18% compared to May 2022.
Average Weekly Rent Achieved by Area
Areas
YTD Last YTD YoY
Central £676 £613 10%
East £541 £459 18%
North £549 £495 11%
South £507 £446 14%
Surrey £462 £402 15%
West £473 £437 8%
Total £570 £506 13%
13%
8%
Year-on-year
Month-on-month
2023 vs 2022
May vs April
7