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
Renter spend increased to 101% of budgets in September 2024, a 1%
month-on-month increase.
Almost 40% of renters have spent 100% or more of their budgets in
2024 year to date.
Average % Renter Budget Spent on Rent by Area
Areas
YTD Last YTD YoY Last Month 2 Months Ago MoM
Central 102% 102% 0% 102% 102% -0%
East 98% 98% -1% 98% 101% -3%
North 97% 99% -2% 104% 95% 10%
South 98% 98% 0% 102% 97% 5%
Surrey 95% 101% -6% 96% 96% 0%
West 97% 98% -1% 96% 98% -3%
Total 99% 99% -1% 101% 99% 1%
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%
1%
Year-on-year
Month-on-month
2024 vs 2023
September vs August
Category - YTD 2024
8