LONDON'S
LETTINGS
MARKET
Foxtons
OVERVIEW
ZONE 1
ZONE 2
ZONES 3-6
ALL ZONES
About our data
Foxtons extensive
database of over 266,000
tenancies has been
collated over more than
24 years. This makes it one
of the largest databases
of property market
information held for
London.
YIELDS
flats
4.9%
5.3%
5.8%
5.4%
AVERAGE RENTS
price per week
£642
£542
£446
£539
DEMAND
renter registrations
per property
15.9
25.0
27.6
22.9
Foxtons
Foxtons Foxtons Foxtons
22.9NEW RENTERS
FOR EVERY PROPERTY
Highest ever annual
level of renters per
property listed to rent
5.4%AVERAGE GROSS
YIELD 2022
Foxtons
Strong growth in rents
pushed up average gross
yields, particularly in
Zones 3-6
Foxtons, showing annual change in average rents
% growth
Zone 1
Zone 2
Zone 3-6
20%
30%
10%
5%
15%
25%
0%
-10%
-5%
-15%
2020 2021
2019 2022 Annual rate of
compound growth
2018-2022
Overall average rents
have increased over the
past 4 years at a rate of
4.2% per annum.
RECORD
GROWTH IN
2022 RENTS
SUPPORTED BY
REALIGNMENT
AND RECOVERY
IN DEMAND
POST-COVID
GLOBAL
PANDEMIC
The London Report 2023 | London's lettings market 10