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
The percentage of renter budget spend has reduced from 101% in
September 2024 to 98% in October 2024.
Central London is outperforming other regions of London, and the
increased demand is driving renter spending on average 102% of
their budgets.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 102% 102% 0% 103% 102% 1%
East 98% 98% -1% 98% 98% 1%
North 97% 99% -2% 93% 105% -11%
South 98% 98% 0% 97% 102% -5%
Surrey 95% 102% -7% 97% 96% 1%
West 97% 98% -1% 95% 96% -1%
Total 99% 99% -1% 98% 101% -2%
61%
33%
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%
-2%
Year-on-year
Month-on-month
2024 vs 2023
October vs September
Category - YTD 2024
8