Low
High
New Renters per New Instruction
Foxtons - Lettings Market
The number of new renters per new instruction is down, both year on
year and month on month. In September, there was an average of 19
renters per new instruction across the London, which was a 19%
decrease compared to the previous year and a 17% decrease from the
previous month.
West London increased 4% month on month, but with some regions
such as East London falling 35%, the overall trend for London shows
the rental market cooling now that the peak lettings season has
ended.
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
-19%
-17%
New Renters per New Instruction by Area
Areas
YTD Last YTD YoY
Central 11 15 -26%
East 23 28 -20%
North 21 25 -18%
South 27 33 -19%
Surrey 16 16 2%
West 25 28 -10%
Total 19 23 -19%
New Renters per New Instruction by Area
Areas
Last Month 2 Months Ago MoM
Central 11 12 -11%
East 25 38 -35%
North 22 27 -20%
South 24 29 -16%
Surrey 19 24 -21%
West 23 22 4%
Total 19 23 -17%
Year-on-year
Month-on-month
2023 vs 2022
September vs August
4