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New Renters per New Instruction
Foxtons - Lettings Market
There were 15 renters competing for every new property this
November; a 31% reduction versus October 2022. For the first time in
over two years, this figure was lower than the same month last year.
So far this year, there have been an average of 35% more renters per
new instruction than last year.
Competition remained high in South London with 31 renters
per new instruction, while the East and West regions followed with 28
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
2019 2020 2021 2022
New Renters per New Rental Instruction by Foxtons Office Area - YTD
35%
-31%
New Renters per New Instruction by Area
Areas
YTD Last YTD YoY
Central
East
North
South
Surrey
West
15
28
24
31
16
28
14
17
17
23
15
17
7%
59%
43%
33%
1%
63%
Total 23 17 35%
New Renters per New Instruction by Area
Areas
Last Month 2 Months Ago MoM
Central
East
North
South
Surrey
West
9
21
17
16
8
21
12
28
21
22
20
39
-30%
-27%
-19%
-25%
-57%
-46%
Total 15 22 -31%
Year-on-year
Month-on-month
2022 vs 2021
November vs October
4