Power BI Desktop
Low
High
New Renters per New Instruction
Foxtons - Lettings Market
There were 22 renters competing for every new property in October 2022,
which is higher than any October we've recorded in 2021, 2020, or 2019. While
it has decreased from September following the usual trend, October's 22
renters per new instruction is 40% higher year on year. These figures continue
to support the main feature of the year - a gap between demand and supply.
South London continues to be a competitive area, with 32 renters per new
instruction, while the East and West regions follow with 28 renters per new
instruction. Although most regions have seen a decrease month-on-month,
the West region of London is performing strongly with 58% more 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
40%
-23%
New Renters per New Instruction by Area
Areas
YTD Last YTD YoY
Central
East
North
South
Surrey
West
15
28
25
32
16
28
14
17
17
23
16
17
10%
64%
49%
41%
5%
68%
Total 23 17 40%
New Renters per New Instruction by Area
Areas
Last Month 2 Months Ago MoM
Central
East
North
South
Surrey
West
13
29
21
22
20
39
21
37
36
36
17
25
-41%
-22%
-44%
-38%
16%
58%
Total 22 28 -23%
Year-on-year
Month-on-month
2022 vs 2021
October vs September
4