LONDON'S
LETTINGS
MARKET
Foxtons
Foxtons
DEMAND
SUPPLY
The surge in demand for rental properties
across London, coupled with the continued
strain on supply, has pushed average
London rents to a record high in the first
half of 2022. Significant rental increases
have been seen across all areas and
property types.
About our data
Foxtons' extensive
database of over
215,000 tenancies has
been collated over
more than 18 years.
This makes it one of
the largest databases
of property market
information held for
London.
15
20
25
30
10
5
0
2020 to 2021 average 2022
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
In the first half of 2022,
there have been more than
20 renter registrations for
every home listed. This is
an increase from 13 in the
same period of 2021 and
more than double the level
seen in the pre-pandemic
year of 2019.
New instructions in the
first half of 2022 were 22%
below H1 2021 levels and
7.7% below those seen in
the first half of 2019.
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 Summer 2022 | London's lettings market
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