Low
High
New Renters per New Instruction
Foxtons - Lettings Market
New renters per new instruction in 2024 have been 12% lower than in
2023 year to date, averaging 15 applicants per instruction by the end
of November. This month showed similar figures to October, as the
average declined just 2%.
Central London saw a 13% increase year to date driven by
the increase in demand, whereas every other region in London saw a
significant decrease.
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
2021 2022 2023 2024
New Renters per New Rental Instruction by Foxtons Office Area - YTD
-12%
-2%
New Renters per New Instruction by Area
Areas
YTD Last YTD YoY
Central 12 11 13%
East 18 21 -16%
North 16 18 -10%
South 19 24 -21%
Surrey 12 15 -18%
West 16 23 -31%
Total 15 18 -12%
New Renters per New Instruction by Area
Areas
Last Month 2 Months Ago MoM
Central 10 9 22%
East 11 13 -14%
North 12 15 -21%
South 15 15 2%
Surrey 10 17 -44%
West 12 13 -4%
Total 12 12 -2%
Year-on-year
Month-on-month
2024 vs 2023
November vs October
4