by 2021
The UK is set to experience a surge in co-living spaces over the next two years, according to a recent report from Savills. The report estimates that there will be 27,000 co-living beds available in the UK by 2021, with the majority of these located in London.
Co-living is a form of shared living that has become increasingly popular in recent years. It involves renting a room or apartment within a larger shared space, often with communal areas such as kitchens, living rooms and outdoor spaces. This type of living arrangement is attractive to many people, especially those who are looking for a more affordable and social way of living.
The Savills report suggests that the majority of co-living beds will be located in London, with the rest spread across the UK. This is likely due to the high cost of living in London, which makes co-living an attractive option for many people. The report also suggests that the majority of these beds will be located in purpose-built developments, rather than existing buildings.
The report also highlights some of the potential benefits of co-living. These include reduced costs for tenants, as well as a more social living environment. Co-living also has potential environmental benefits, as it encourages people to share resources such as energy and water.
However, there are also some potential drawbacks to co-living. These include a lack of privacy and potential conflicts between tenants. It is important that any co-living spaces are properly managed in order to ensure that tenants are able to live harmoniously together.
Overall, the Savills report suggests that co-living is set to become increasingly popular in the UK over the next two years. With 27,000 beds set to be available by 2021, it looks like co-living could become a viable option for many people looking for an affordable and social way of living.