LONDON'S
LETTINGS
MARKET
Foxtons
Foxtons
DEMAND
SUPPLY
Demand from London renters remains as
strong as ever with record numbers of new
renters registering in the third quarter of
2022. With supply remaining constrained,
rents continue to rise.
About our data
Foxtons extensive
database of over
215,000 tenancies has
been collated over
more than 20 years.
This makes it one of
the largest databases
of property market
information held for
London.
15
20
25
35
30
10
5
0
2020 to 2021 average 2022
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
In the third quarter of
2022 there were 30 renters
registering for every
property listed, which is
around three times recent
levels. Over the year to
date there have been an
average of 24 renters per
property.
There have been 18%
fewer new instructions in
the first nine months of
2022 compared to the
same period of 2021.
Ratio of new renters registering to new properties instructed
Change in new instructions, year-on-year
-20%
100%
60%
80%
40%
20%
0%
-60%
-40%
6 London Lettings Report Autumn/Winter 2022 | London's lettings market
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