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I negotiated my price down in Chelsea, London. It was right off Kings road and I visited the place twice, made an offer after the second visit.
1) The landlord was private and not an agency; this is better for lowering the price and there is less overhead/fees for the agency
2) When you visit the first time, make a mental (or written) note of the things you don't like or find unappealing for the flat, you may be able to use them (for me it was the very small footprint, no parking and a wonky boiler, there was also no phone line installed)
3) Compare the prices with other flats in similar boroughs or the same borough and shop around, make a lower offer to many landlords. You have less to lose when you have more flats to pick from.
4) I gave the landlord a "tenants package", a document folder where all key documents from me were included and all references, phone numbers, etc. He was impressed with that and wanted me in quickly. Did this in Las Vegas, NV once and the landlord also liked this a lot. Normally you will get some leeway if you make a good impression. Also mention positive things they can't legally ask you (I normally mention stuff like my party days are over, or that I am quite handy with tools and can fix smaller stuff myself, rent will always be on time, etc).
Right now, there is still less demand in London or NYC, but people may come back soon when cities slowly re-open and vaccinations are more common.
Great! Thank you so much. I am shocked by the difference in price-quality between Canary Wharf and the rest of the Jubilee line (much much better to rent in CW). Really need to negotiate down if I want to live anywhere close to the 'centre'.
I also lived in E14 before (Pan Peninsula Sq and other places), the quality is amazing out there. Only issue is that most of your friends won't be there and the action is anywhere but in E14. Tower Hamlets is also not a great neighborhood. Nobody wants to visit you in Canary Wharf (might be a good thing or irrelevant during/after a pandemic) and the entire place shuts down after Thursday. Boring place unless you like really new architecture and lonely walks. You could try Greenwich on the other side if that is acceptable and you want to stay East.
Loved the commute and saved a ton of time, so was in better shape due to more workouts.
Lived in Chelsea, Knightsbridge, near Paddington and all over the city before. Truly think that Canary Wharf had the highest quality overall, all apartments where brand-new.
Just the overall quality of rentals compared to other countries wasn't high, but that was fine for a few years.
Curious, how much are you spending on rent? I'm also looking and interested in what other analysts pay
my friend did a 2 months ago.
flat in belgravia, was something like £2,000 a month, he got it down to £1,600.
he said this is the best time to negotiate due to low demand.
this was a letting agent (a "prethteej") agent.
so to answer your question, it is possible.
It's fully expected, 5-10% minimum. Maybe more now with corona especially if you're not in a rush and willing to walk away
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