Renter Spend
Average % of Rental Budget Spent
Foxtons - Lettings Market
Average % Renter Budget Spent on Rent Over Time - Foxtons Network
90%
95%
100%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020 2021 2022 2023
Renter spend showed minimal change, registering a 1%
increase year on year and a corresponding 1% decrease month on
month. In November 2023, renters utilised 99% of their budgets on
average.
Year to date in 2023, approximately three in five renters spent under
budget, while a third exceeded their budgets.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 102% 99% 2% 102% 101% 1%
East 98% 97% 1% 97% 99% -2%
North 99% 97% 3% 98% 102% -4%
South 98% 98% -0% 97% 99% -2%
Surrey 102% 99% 3% 96% 117% -17%
West 98% 97% 1% 99% 99% 0%
Total 99% 98% 1% 99% 100% -1%
59%
34%
7%
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%
-1%
Year-on-year
Month-on-month
2023 vs 2022
November vs October
Category - YTD 2023
8