LONDON'S
LETTINGS
MARKET
Foxtons
Foxtons
DEMAND
SUPPLY
After its Pandemic dip of 2020, the
London rental market, particularly in
central London, has rebounded strongly
with high levels of rental growth reported
at the end of 2021. Record numbers of
renter registrations (over double the level
seen three years ago) has pushed rents
beyond their pre-Pandemic levels.
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
2018 to 2020 average 2021
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
The ratio of new renter
registrations to new
properties listed was above
the three-year average
throughout 2021. In the
final quarter of 2021, with
20 renter registrations for
every home listed, the
ratio was more than twice
the average seen between
2018 to 2020.
New instructions
continued to fall in the
fourth quarter of 2021,
42% below Q4 2020
levels but just 6% below
Q4 2019 levels.
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 Winter 2022 | PRS
Jan 2018
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