Renter Spend
Average % of Rental Budget Spent
Foxtons - Lettings Market
Average % Renter Budget Spent on Rent Over Time - Foxtons Network
92%
94%
96%
98%
100%
102%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2021 2022 2023 2024
Renter spend has remained at 99% since February, which is a small
1% decline year to date compared to 2023.
Central London spent over budget on average to secure a tenancy,
with 102% of applicant budgets spent.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 102% 102% 0% 104% 104% -0%
East 97% 99% -1% 97% 96% 1%
North 98% 99% -2% 95% 100% -5%
South 98% 98% -0% 98% 99% -1%
Surrey 95% 102% -7% 95% 91% 4%
West 97% 98% -1% 97% 95% 2%
Total 99% 100% -1% 99% 99% 0%
62%
32%
6%
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.
-1%
0%
Year-on-year
Month-on-month
2024 vs 2023
May vs April
Category - YTD 2024
8