What is Co-Living
Living with roommates isn’t a new idea. However, this new trend in densely populated cities such as London, co-living, is on the rise because of many factors, not the least of which are the increasing costs of student loan debt, high housing costs, and the desire to live with other people to alleviate these common expenses.
Co-living has become increasingly popular because of its cost-effectiveness and greater flexibility in cities where rents are high for young professionals. Unlike a traditional roommate arrangement, co-living generally has individual leases instead of one master lease that covers all residents.
Spaces designed for communal living typically include a shared kitchen, living room, and Community area such as a garden or conservatory, but also include multiple private spaces like a bedroom and a bathroom.