Are rental prices in London going down?

[IWannaBeLikeYou]

Has anyone negotiated their rent down recently on renewing the tenancy agreement?
We are due to renew our tenancy. Would it be realistic to negotiate £100 down from what we currently pay?

Depends what you currently pay but, yes, London rental prices are falling (for big corporate lets) and wobbling a bit for less flashy places.

We currently pay 1400 for a 2 bed and it's not a corporate let. We have had a 100 increase last year and I was wondering if it would be realistic to try to negotiate back to 1300.

IF that is per week then absolutely renegotiate - and I'd say for more than just 100. Have been looking at flats in central london and all we have looked at are going for several hundred pounds a week under asking price. Have friends who just renegotiated a 1500 a week 3bed down to 1250 a week. Flats like these are sitting empty now so your landlord probably won't want to take the risk of finding new tentants.