Annual change metrics (2021 vs 2020)
Foxtons, showing year on year change
Supply Demand Rents
SUPPLY
change in new
instructions
-15.0%
-14.6%
7.2%
-9.3%
AVERAGE RENTS
average rental
price achieved
4.1%
3.1%
0.7%
2.8%
DEMAND
change in renter
registrations
73.8%
59.9%
38.4%
55.6%
The London Report 2022 | London's lettings market 11
Annual change
-20%
60%
80%
40%
20%
0%
-60%
-40% Q1 2019
Q2 2019
Q3 2019
Q4 2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021
GARETH ATKINS
MANAGING DIRECTOR
LETTINGS
Foxtons Foxtons Foxtons
2020 2021 2022
Foxtons celebrates
40 years of being
at the forefront of
the London
property market
Acquisition and
integration of
Douglas & Gordon
Launch of
Investment and
Development
Consultancy
Emergence of
Asia-Pacific
team
Covid pandemic.
First lockdown
23 March 2020
Stamp duty
holiday July 2020
to June 2021.
Tapers from July
2021 and ends
October 2021
The London rental market proved its
resilience once again in 2021. The first half
of the year saw a strong supply of rental
properties coming to the market and an
influx of renters looking for homes, as
London began to return to normality. The
second half saw a growing imbalance of
supply and demand, with over 17 renters
competing for each new property. This
caused average rents to increase across all
areas of London, particularly in Zone 1.
FOXTONS LETTINGS HAS NEVER BEEN BUSIER,
HELPING MORE RENTERS FIND THEIR PERFECT
HOME WHILST BATTLING CHALLENGING
MARKET AND ECONOMIC CONDITIONS.
THE EXPERIENCE AND EXPERTISE GATHERED
OVER MANY YEARS MEANS WE HAVE THE
STRONGEST TEAM IN PLACE TO DELIVER THE
BEST RESULTS FOR OUR CUSTOMERS.