Who are The Collective?

The Collective is one of the UK's first co-living providers, with established schemes in Canary Wharf and West London. As a pioneer in the co-living sector, The Collective offers a modern and community-driven living experience designed for both young professionals and older individuals seeking a more connected lifestyle.

What is Co-Living?

Co-living is a housing concept that has gained popularity in the US, China, and Scandinavia, offering small private bedrooms alongside shared communal spaces. Unlike traditional HMOs, co-living developments provide high-quality accommodation with additional facilities such as gyms, co-working spaces, cinemas, cafés, and laundries. Residents are also encouraged to participate in community-building activities, making co-living a unique and socially engaging way of living.

Why is Co-Living Gaining Popularity in the UK?

While still in its early stages in the UK, co-living is quickly gaining traction, especially among Build-to-Rent providers. The appeal lies in its affordability, convenience, and the sense of community it fosters. With more planning applications being approved, the number of co-living schemes in London and other UK cities is steadily increasing.

The Benefits of Co-Living for Renters

One of the biggest advantages of co-living is the ready-made community it offers. Research from Collyer Bristow’s Ownership Attitudes and Aspirations Report found that 74% of renters aged 18-44 in London and the South East would consider living in a co-living development. With loneliness being a common issue, particularly in cities, these schemes provide structured social events and activities, making it easier for residents to build connections.

Financial and Management Advantages of Co-Living

A single monthly payment with no hidden costs is a key appeal of co-living. Unlike traditional shared housing, where tenants must negotiate utility bills and household responsibilities, co-living developments offer a hassle-free experience. Additionally, institutional backing ensures professional management, regular maintenance, and compliance with safety regulations, providing renters with greater security and peace of mind.

The Future of Co-Living in the UK

As co-living continues to grow, discussions around its long-term viability are increasing. Some experts suggest that offering co-living units for purchase rather than just for rent could help address affordability issues in major cities. However, the planning system has yet to fully adapt to this new housing model, with policies still evolving. Despite these challenges, the number of approved and upcoming co-living schemes is on the rise, signaling a promising future for this innovative living concept.