The London Report - LondonReport2022

MINUTES

Journey time from Central London

THE

PRICE/

TRAVEL

TRADEOFF

6 The London Report 2022 | The price/travel trade-off

Hybrid working has led to a willingness by some buyers and renters to accept a

longer commute in return for more space, value or amenities but most still want

to live within 45 minutes of their workplace. Our price/travel time ratio can help

buyers and renters to identify places to live by assessing the trade-off between

price and travel time.

£psf versus

journey time

Average sales price per

square foot reduces with

length of commute. Homes

with a journey time of

41 to 45 minutes to central

London sold, on average,

for almost half the price per

square foot of those within

a 10-minute commute. PRICE

VERSUS

TRAVEL

TIME

£1,010

DISCOUNT£1,072

Average £psf

-42.9%£720

£612

£535

-49.8% -50.1% £906 £851 £746

£538

-5.8%

-20.6%

-15.5%

-30.5%

SALES

-32.8%

78%

47%

APR/JUN 2021

JAN/FEB 2020

LONDONERS

SOMETIMES

WORKED

FROM

HOME

Dataloft Rental

Market Analytics Dataloft, Foxtons 2021

WEST

NORTH

EAST

SOUTH

In The London Report, we explore our resilient capital, the investment opportunities it presents

and how Foxtons is helping clients and customers realise this potential - through our unique

approach to technology, our reach across London and the experience of our people.

To talk about any of the points raised, please contact a member of the team or email us:

reports@foxtons.co.uk

2 LONDON, THE

RESILIENT CITY

We show how London remains a strong

investment choice. Bouncing back after the

last two years, our capital city once again

proves its resilience.

4 MOVING LONDON

As London's Number 1 agent for listings,

and with nearly a quarter of a million

tenancies on record, we are in a unique

position to survey the residential

movements of people within London. We

reveal some interesting and unexpected

findings and dispel some myths.

6 THE PRICE/TRAVEL

TRADE OFF

Despite hybrid working, most people still

want to live within a 45-minute commute.

We have modelled price and travel time

for both sales and lettings, enabling buyers,

renters and investors to assess their

priorities and identify their position on

the continuum.

8 LONDON'S SALES

AND LETTINGS MARKET

These overviews of the Sales and Lettings

markets give a comprehensive view of current

supply and demand, and average prices and

rents. Our sales and lettings experts provide

insight into these dynamic markets.

12 FOXTONS PRIVATE OFFICE

Prime London remains hugely attractive to

domestic and overseas homeowners, renters

and investors. Relaunched in 2021, our Private

Office team take a deep dive into the current

and changing needs of buyers and renters. We

also reveal the premium that renters place on a

fully-furnished property.

14 BUILDING LONDON

A new homes specialist, we operate in every

borough in London and across all client sectors.

Institutions, investors and private buyers all

benefit from our expert knowledge and

are supported by our investment in technology

and data.

CONTENTS

ZONE 1

ZONE 2

ZONES 3-6

ALL ZONES

43.0%

39.9% 26.3%

15.3%

44.9%

53.7%

8.6%

7.5%