LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

London rents up 12% – Foxtons – London Wallet

Mark Helprin by Mark Helprin
August 15, 2023
in Real Estate
London rents up 12% – Foxtons – London Wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

The elephants in the room that could trample the Housing Minister’s ambition – London Wallet

What is currently happening in the UK property market? – London Wallet

The goldfish myth: Why we don’t have shorter attention spans, just higher standards – London Wallet

Figures from the latest Foxtons’ Letting Market Index show that average weekly rent in the capital in July 2023 was 12% higher than July 2022.

Analysis of London data also showed a 6% increase in new listings compared to the previous year.

Average weekly rent remained stable in July at £597 per week, which was only slightly lower than the £599 per week recorded in June, but 12% higher than July 2022.

Central London continued to command the highest average weekly rent, at almost £680. When comparing 2023 to 2022 year to date, the average weekly rent across London increased 12%, with East London increasing 15%.

In July London saw 7% more instructions than in June, which translates into roughly 2,500 more instructions, and new listings were up 6% when compared to July 2022.

Applicant demand increased 13% from June, as July brought London into peak lettings season. When compared to 2022, July demand was lower, with a 4% decrease year to date and a decline of 15% versus last July.

There was an average of 21 rental applicants per new instruction in July, an 18% increase month-on-month, however a 12% decrease when compared to 2022.

East London saw a 63% increase rising to 26 applicants per instruction, becoming the second highest after South London which has an average of 30 applicants per instruction in July.

Gareth Atkins, Managing Director of Lettings, said:
“As our market research predicted at the start of 2023, price increases in the lettings market are less extreme than we saw last year.

“We’ve seen expected growth and are now into a more consistent busy market we normally see at this time of year. As such, the market will remain highly competitive through summer.”





Source link

Share30Tweet19
Previous Post

Certified reports ‘a game-changer in the industry’ says allAgents – London Wallet

Next Post

Grab a fabulous bargain in the Catfest auction! – London Wallet

Mark Helprin

Mark Helprin

Recommended For You

The elephants in the room that could trample the Housing Minister’s ambition – London Wallet
Real Estate

The elephants in the room that could trample the Housing Minister’s ambition – London Wallet

October 10, 2025
What is currently happening in the UK property market? – London Wallet
Real Estate

What is currently happening in the UK property market? – London Wallet

October 10, 2025
The goldfish myth: Why we don’t have shorter attention spans, just higher standards – London Wallet
Real Estate

The goldfish myth: Why we don’t have shorter attention spans, just higher standards – London Wallet

October 10, 2025
Tories pledge reform of Welsh version of stamp duty – London Wallet
Real Estate

Tories pledge reform of Welsh version of stamp duty – London Wallet

October 10, 2025
Next Post
Grab a fabulous bargain in the Catfest auction! – London Wallet

Grab a fabulous bargain in the Catfest auction! - London Wallet

Related News

Lawmakers vs. the SEC vs. Binance: Law Decoded, June 12–19

Lawmakers vs. the SEC vs. Binance: Law Decoded, June 12–19

June 19, 2023
Terraform Labs and SEC lawyers spar over whistleblower in court: Report

Terraform Labs and SEC lawyers spar over whistleblower in court: Report

December 1, 2023
FDA approves Merck’s drug for rare, deadly lung condition

FDA approves Merck’s drug for rare, deadly lung condition

March 26, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?