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April 9, 2024

London Leads In Co-Living Demand, But Supply Lags

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The UK has emerged as the most attractive co-living market in Europe, followed by Ireland in fourth — but supply in this growing residential sector remains well below requirements, and plans for London sit at a fraction of future demand.

Two new reports have underlined the potential of the co-living sector, with Cushman & Wakefield’s inaugural survey of institutional investors revealing that 80% of investors polled expect their investment in the sector to increase over the next five years and that 22% of all real estate investment volumes in Europe now come from the living sector, up from 6% in 2007.

However, a separate report from real estate adviser and Newmark company Gerald Eve has revealed that while London’s potential market for this accommodation category is 600,000 beds, supply is forecast to reach just 11,500 beds by 2027.

London And Dublin Lead In Co-Living Demand, But Supply Lags

“Our research underscores co-living’s potential as a resilient and adaptable housing model in the face of rapidly changing urban lifestyles and housing needs,” Gerald Eve co-living consultant Jo Winchester said in a statement. “The sector is clearly experiencing dynamic growth, offering new living solutions that cater to…

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