Applicant Budgets
Foxtons - Lettings Market
Applicant Budgets this May were higher than any other year.
They rose 3% year on year to reach £541. On a month-on-month
basis, there was a 3% increase.
Applicant budgets for two bed properties have seen the
largest increase, experiencing a 5% rise to £558.
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
2021 2022 2023 2024
Renter Budgets by Area
Areas
YTD Last YTD YoY
Central £584 £586 -0%
East £533 £529 1%
North £533 £518 3%
South £492 £479 3%
Surrey £474 £428 11%
West £485 £470 3%
Total £526 £512 3%
1 2
Studio
£489
1%
1 bed
£460
4%
2 bed
£558
5%
3 3 bed
£656
4%
3%
3%
Year to Date
YoY
Year-on-year
Month-on-month
2024 vs 2023
May vs April
5