Re Negotiate Rent

My rent was signed summer 08 - at the peak. I am in Mid levels. How much has rent fallen? And will most landlords negotiate after 1 year (12+1)?

It has fallen about 20-30%.


If your contract allows you to renegotiate, then why not! Your landlord does not want a vacant flat, and having to pay commission again. Either you pay 25% less or the new tenant does.

Assuming you have a (1 year fixed + 1 year "free to terminate") contract:

At the end of the first year, in good times, many landlords will try to raise the rent. In bad times the tenant will try to reduce the rent.

I think this is a tenant's market. You can easily threaten to leave the flat after the first year and there is a strong likelihood that you can reduce rent by 20%... the landlords are currently hindered by reduced rental prices from a new tenant, agency commission, a possibility of having the flat empty for a few months due to excessive rental supply, the costs of renovation if you leave.... your downside will be moving costs, inconvenience of moving, agent commission... as you can see.. the situation is skewed in your favor still.