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 in November fell 1% month on month as the lettings
market cooled down for the year end. Overall in 2024, there was a
small 1% decrease in renter spend compared to 2023 year to date.
North London saw a small 1% increase month on month in renter
spend.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 102% 102% 0% 99% 103% -3%
East 97% 98% -1% 96% 98% -2%
North 97% 99% -2% 94% 93% 1%
South 98% 98% 0% 99% 97% 2%
Surrey 95% 101% -6% 97% 98% -0%
West 97% 98% -1% 96% 95% 1%
Total 99% 99% -1% 97% 98% -1%
61%
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%
-1%
Year-on-year
Month-on-month
2024 vs 2023
November vs October
Category - YTD 2024
8