Low
High
New Renters per New Instruction
Foxtons - Lettings Market
As the lettings market cooled, there was a decrease in new
renters per new instruction month-on-month, with an average of 16
new renters per new instruction in September.
In Central London, there was an increase of 12% year-on-year
in applicants per new instruction, rising from 11 to 13 year to date.
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
2021 2022 2023 2024
New Renters per New Rental Instruction by Foxtons Office Area - YTD
-13%
-30%
New Renters per New Instruction by Area
Areas
YTD Last YTD YoY
Central 13 11 12%
East 19 22 -15%
North 17 19 -12%
South 19 25 -24%
Surrey 12 16 -26%
West 17 25 -33%
Total 16 19 -13%
New Renters per New Instruction by Area
Areas
Last Month 2 Months Ago MoM
Central 14 22 -39%
East 19 25 -23%
North 18 21 -11%
South 17 22 -24%
Surrey 11 20 -45%
West 15 24 -38%
Total 16 23 -30%
Year-on-year
Month-on-month
2024 vs 2023
September vs August
4