Flat-shar­ing now a long-term so­lu­tion

Macclesfield Express - - SPORT -

FROM the cra­dle to the grave, the chang­ing face of flat-shar­ing in the UK is be­com­ing ever more ap­par­ent, ac­cord­ing to We­room.com.

The pop­u­lar on­line flat-shar­ing re­source can re­veal that up to 25 per cent of Brits are now get­ting mar­ried and hav­ing chil­dren while liv­ing in rented prop­er­ties rather than the tra­di­tional route of set­ting up their own homes.

Ad­di­tion­ally, there is a grow­ing trend for older peo­ple to live in house and flat-shares, with a third of over 55s still rent­ing when they reach re­tire­ment.

Re­search com­mis­sioned by We­room with OnePoll also re­vealed that 36 per cent of Bri­tish renters move in with their part­ners for the first time into flat or house shares, one in 10 of us get di­vorced while liv­ing with house­mates and more than 20 per cent of renters live with mar­ried or co­hab­it­ing cou­ples.

The find­ings show how mod­ern life­time mile­stones, ex­pe­ri­ences and ex­pec­ta­tions are dra­mat­i­cally dif­fer­ent from those a gen­er­a­tion ago.

The cu­mu­la­tive ef­fects of the acute hous­ing short­age in the UK, the ris­ing cost of liv­ing and so­ci­etal change mean that over a third of young Brits aged 25 to 34 years old now ex­pect to, or have, be­come a par­ent while rent­ing.

Whereas a young cou­ple would con­ven­tion­ally marry and then move into a pur­chased home to raise a fam­ily, a third of us now rent in or­der to save up for our next steps: mar­riage, chil­dren and our own prop­erty.

Just un­der a third of ten­ants liv­ing in rental ac­com­mo­da­tion ac­tu­ally con­sider flat-shar­ing to be a long-term prop­erty so­lu­tion for them.

There is also a grow­ing trend for older peo­ple to live in flat-shares with 29 per cent of over 55s sur­veyed still rent­ing when they reach their re­tire­ment and 28 per cent of Brits liv­ing with peo­ple over the age of 40.

Thomas Villeneuve, CEO of We­room, said: “As prop­erty prices con­tinue to rise across the UK, flat-shar­ing is an in­creas­ingly com­mon hous­ing op­tion for all ages. Gone are the days when young cou­ples marry and move into their life­time home to be­gin a fam­ily.

“Nowa­days, key life­time mile­stones, such as mar­riage and hav­ing chil­dren, are be­ing cel­e­brated in rented ac­com­mo­da­tion with flat­mates. Like­wise, older Brits are turn­ing to flat-shares in later life and dur­ing re­tire­ment – some­thing which would have been un­heard of a gen­er­a­tion ago.”

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