Applicant Budgets
Foxtons - Lettings Market
Applicant budgets have remained at a higher level in
2023 than any previous year, marking a 7% year-on-year increase
from 2022. While there was a marginal 2% decrease month-onmonth,
this aligns with the customary seasonal decline observed
annually.
West London stands out with the most significant increase, reaching
£482 through a 12% rise in applicant budgets in the region.
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
2020 2021 2022 2023
Renter Budgets by Area
Areas
YTD Last YTD YoY
Central £596 £567 5%
East £538 £493 9%
North £543 £495 10%
South £488 £473 3%
Surrey £433 £420 3%
West £482 £431 12%
Total £526 £493 7%
1 2
Studio
£499
6%
1 bed
£450
7%
2 bed
£546
8%
3 3 bed
£648
6%
7%
-2%
Year to Date
YoY
Year-on-year
Month-on-month
2023 vs 2022
November vs October
5