Cohabitation, also known as large scale shared housing plans, is a form of housing that offers completely private rooms and bathrooms, with. Cohabitation, also known as large scale shared housing plans, is a form of housing that offers completely private rooms and bathrooms, with shared kitchens and living facilities. It is expected that these facilities will always be available for cooking, dining, relaxing and socializing for residents and their guests. Co-Living is a valuable addition to the UK's private rental sector (PRS), offering more options for residents.
Since homeownership remains unattainable for many who aspire to live in urban centers with abundant employment opportunities, PRS is often the only viable option. Are you looking for a social and affordable housing option in the UK? Consider living together, a trend in shared apartment rentals that brings together people from diverse backgrounds to live, work and form new friendships. Living together in the UK is a cost-effective alternative to shared dorms, offering furnished rooms with individual rentals and all-inclusive prices. Cohabitation is an emerging subsector in the UK residential rental market, characterized by the fact that several occupants share a space rented to a single owner, often an institutional fund.
The product is similar to that of today's private rental sector (PRS) markets, but has key differences. The concept combines elements of specially designed student housing (PBSA) and the rapidly growing building-to-rent (BtR) market, providing a crucial springboard for young people in the transition from student life to professional life. When BtR began to establish itself in the United Kingdom, it was often described as “student accommodation for adults”; however, it is more appropriate for cohabitation to occupy this space, being located halfway between student accommodation and BtR. Coexistence is nothing more than an extension of this market for different sectors, which also benefit from the social aspect of community life and from the reduction of rents.
Instead of bedrooms, the separate living room is usually a private bathroom, with a small sitting area. Like construction for rent, living together provides specially designed private rented housing. The tenants stay in studio apartments and share common spaces. It is intended to be more affordable than other apartments built for rent, since the rent is all inclusive and it covers household bills.
Chris Saunders, investment director at Folk, who manages three cohabitation plans in London, says that these plans work in international cities such as London and are usually located in places where it is easy to reach employment centers and the city center. For the British Property Federation (BPF), it's simple. Since shared housing rentals are all-inclusive, the developers maintain that it's an affordable option. So how much does it cost to live in a convivial flat?Living together is a relatively new type of housing characterized by private rooms with common living facilities focused on improved design, such as dining, recreational and work areas.
It could contribute in some way to filling this supply gap, providing exclusive accommodation for single tenants.
