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Friday, October 26, 2018

Can 'co-living' solve millennials' housing woes?

A new wave of apartment blocks is springing up in the UK with shared facilities for renters. Is the future build-to-rent hotel-style housing?

For millennials struggling to get on the housing ladder, is this the shape of living in the future? Developers across the UK are building “co-living” blocks for rental only, promising fully-furnished apartments, a “professional” landlord, and round-the-clock concierges.

Many have spacious communal lounges, rooftop gardens and gyms. Angus Dodd, the chief executive of Quintain, which is behind a project in Wembley, north-west London, says: “It is a hotel-style service for long-term renters.”

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