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Investment banker Jositha Joseph Paul recently moved house to take advantage of falling rents.
She said rents had dropped around 20 per cent in the Docklands area in the past year.
The 24-year-old added: "I used to rent a room in a two-bedroom flat in Limehouse for £650 a month plus around £300 a month in bills, but I realised in the spring that it was really overpriced.
"Other friends were moving house and finding rents for similar places had gone down to £500 to £550 a month so I decided to find somewhere new and use the extra money to save for a house deposit.
"I'm now living in an en-suite room in a shared, terrace house in Blackwall, 10 minutes walk from Canary Wharf where I work, which is £638 including bills.
"Tenants have a lot of power to negotiate with landlords in the current market."
