4
THE LONDON LETTINGS REPORT QUARTERLY
Supply / rents annual change
The number of properties available to rent at the end of 2019 was
at its lowest level for 13 years due to a combination of factors. Tax
changes have disincentivised some landlords while, at the same
time, tenancy length has increased and demand for rentals has been
boosted by the continued political uncertainty.
12%
-15%
Annual change in rents and stock
Available stock / average rents Quarterly
Available stock / average rents
Source: Foxtons/dataloft
Source: Foxtons/dataloft
Chart shows the year on year change in both the number of properties available to rent (in the last month of the quarter,
i.e. Q4 2019 shows stock at the beginning of December) and the average price of properties let in the quarter.
30%
20%
10%
0%
-10%
-20%
-30% Available stock
Available stock
Average rental price
Average rental price
Jan 2016
Feb 2016
Mar 2016
Apr 2016
May 2016
Jun 2016
Jul 2106
Aug 2016
Sep 2016
Oct 2016
Nov 2016
Dec 2016
Jan 2017
Feb 2017
Mar 2017
Apr 2017
May 2017
Jun 2017
Jul 2017
Aug 2017
Sep 2017
Oct 2017
Nov 2017
Dec 2017
Jan 2018
Feb 2018
Mar 2018
Apr 2018
May 2018
Jun 2018
Jul 2018
Aug 2018
Sep 2018
Oct 2018
Nov 2018
Dec 2018
Jan 2019
Feb 2019
Mar 2019
Apr 2019
May 2019
June 2019
Jul 2019
Aug 2019
Sep 2019
Oct 2019
Nov 2019
Dec 2019
-30% -30% -30%
30% 30% 30%
20% 20% 20%
10% 10% 10%
0% 0% 0%
-10% -10% -10%
-20% -20% -20%
Q1 2016
Q2 2016
Q3 2016
Q4 2016
Q1 2017
Q2 2017
Q3 2017
Q4 2017
Q1 2018
Q2 2018
Q3 2018
Q4 2018
Q1 2019
Q2 2019
Q3 2019
Q4 2019
Q1 2016
Q2 2016
Q3 2016
Q4 2016
Q1 2017
Q2 2017
Q3 2017
Q4 2017
Q1 2018
Q2 2018
Q3 2018
Q4 2018
Q1 2019
Q2 2019
Q3 2019
Q4 2019
Q1 2016
Q2 2016
Q3 2016
Q4 2016
Q1 2017
Q2 2017
Q3 2017
Q4 2017
Q1 2018
Q2 2018
Q3 2018
Q4 2018
Q1 2019
Q2 2019
Q3 2019
Q4 2019
Annual change
Zone 1 Zone 2 Zones 3-6
Q1-4 2019
Over 2019 as a whole,
11% fewer properties
were listed to rent
compared to 2018.
Stronger demand levels
supported rental growth
across most parts.
Increase in demand
Q1-Q4 2019 compared to Q1-Q4 2018
Decrease in number of rental properties
available at the end of Q4 2019
compared to the end of Q4 2018