Low
High
New Renters per New Instruction
Foxtons - Lettings Market
The ratio of new renters to each property listing saw a decrease, which
also suggests a shift towards a more balanced market. As of October
2023, the average stood at 14 new renters for every new property
introduced to the market.
Regionally, East London led with average of 18 prospective renters
showing interest in each new listing.
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 2023
New Renters per New Rental Instruction by Foxtons Office Area - YTD
-22%
-27%
New Renters per New Instruction by Area
Areas
YTD Last YTD YoY
Central 11 15 -26%
East 22 28 -22%
North 20 25 -20%
South 26 32 -19%
Surrey 15 16 -5%
West 24 32 -24%
Total 19 24 -22%
New Renters per New Instruction by Area
Areas
Last Month 2 Months Ago MoM
Central 9 11 -15%
East 18 25 -28%
North 14 22 -35%
South 16 24 -34%
Surrey 8 20 -61%
West 17 22 -23%
Total 14 19 -27%
Year-on-year
Month-on-month
2023 vs 2022
October vs September
4