With many in the modern world embracing more communal experiences, as well as living costs rising in major, urbanised areas, co-living has become a popular option for many people in London, and more widely across the UK, across towns and cities.
Before making the commitment to move to a co-living space, it is important to understand and consider the benefits that this type of living experience can bring to you and your lifestyle.
But exactly what is co living? Who uses co living? And where can people find co living spaces in London and the UK?
Co-living is in essence, a form of communal living, whereby each tenant gets their own private bedroom and shares the rest of the living space with other residents of the same block of living spaces.
It is a popular option for many people, particularly younger professionals in major cities, offering a more affordable way to live in the area. In some countries across the world, co-living as a lifestyle is more popular than others.
In major cities like London and Manchester, where living costs are much higher than in other parts of the country and in smaller towns, younger professionals and new graduates moving into professional life in particular, often find themselves in a conundrum.
A lot of the professional opportunities in the UK lie in larger towns and cities, making it difficult for many to afford living there. Thus, co-living in the UK’s towns and cities is a balanced solution.
A variety of different people choose co-living, being popular with students and those working in the city.
Co-living is a great and financially feasible alternative to more traditional shared living spaces; offering flexibility, affordability, community and more besides. It is a way for those living in cities to bring both convenience and a sense of community to their living environment.
Those in co living spaces have the best of both worlds: sharing a living space, feeling like part of a community and not being left isolated or lonely, whilst having your own private bedroom to retreat to when needing time to yourself and some privacy.
Co-living spaces work in a similar way to other types of living environment in which people live with others, but with one key difference. Most of the space is shared with other residents in the property, although residents have their own private bedrooms.
With co-living spaces, tenants are offered their own private bedroom, and share communal living spaces with other residents in the property (such as the living room, kitchen and bathroom).
With the Co-Living Group, tenants are offered simple, independent London accommodation with laundry, communal cooking, and gym areas all provided as part of the co-living experience. Our London spaces are designed and tailored to meet the needs of young urban professionals, a growing demographic for co-living spaces in the UK and around the world.
Co-living offers a range of fantastic benefits, with one of the more obvious ones being the sense of community it can provide individuals with. By living with a group of other similar people, working or studying nearby, tenants can forge long-lasting friendships, feel part of a community, and build up a social life for themselves within the area. This as a living arrangement, is perfect for those who have just moved to a new city.
However, co-living isn’t just beneficial from a social standpoint, it can also make sense financially too and it is therefore no surprise that it is a fast-growing market in Europe and the UK.
Many are not able to afford the types of properties co-living spaces are offered in by themselves, especially those in Central London or in the heart of another major city. This type of accommodation therefore enables city-goers to experience living in desirable locations at an affordable price, making their money go much further, while building connections with flatmates and neighbours in the process.
With regards to the location of co-living spaces, because by their very nature they will tend to be situated in city centres, residents will get much better value for money living in a co-living space, with facilities like laundry, high speed internet, gyms and more. Any private property they are likely to be able to afford, will be far smaller and with less living space.
The facilities and amenities that are offered by co-living spaces are vast. Co-living spaces in the UK can offer any or even all of:
While co-living spaces in the UK are popular with certain groups, with young urban professionals in particular being a key group for this market, anyone can reap the benefits of co-living.
For many, buying a property in a major city just isn’t a feasible option, with some not wanting to stay in an area long term. Others don’t have the money to fund a move to somewhere so centrally located. Co-living can be a fantastic alternative for people in these types of situations, offering somewhere great to live in the city and all, at an affordable price.
Interested in the co-living spaces London has to offer?
Co-Living Group acquires spaces in the capital and re-purposes these into superb co-living accommodation. For those looking to learn more about our co-living spaces, please get in touch via our contact us page.