“The number of developments planned and in the works reflects confidence in the sector. Manchester alone has had up to £450m of investment deals agreed for co-living apartments.”
The following article was first published on Property Week. Click the link below to read “Co-living must evolve to thrive” in full.
Consumer demand also seems to be on the up, with recent analysis from Built Asset Management showing a 300% hike in July and August in renters leaving single accommodation for co-living, compared with pre-lockdown levels.
However, one of the reasons for the increase in co-living schemes is that the sector operates within the largely unregulated gaps of planning laws. ‘Unique’ or ‘sui generis’ developments don’t conform to standard housing classifications, so there is leeway when it comes to space standards… read more at the link above.