Not many tenants will tell you that renting is “a lifestyle choice”. Yet a cohort of young professionals is making a conscious decision to rent rather than buy. They are being lured into the world of co-living — developments where you rent a furnished room, pay all-inclusive monthly bills and have access to communal facilities, from onsite restaurants and cinemas to saunas and spas. Think student housing meets hotel-style living. Presumably the residents feel that they are getting more bang for their buck. Many, I suspect, are fed up with negligent landlords and house shares. I can understand the attraction, particularly for those who are new to a city; co-living schemes offer a built-in social life and the chance to meet other like-minded people. At
Millennials are turning to co-living as they make a conscious decision to rent rather than buy. Many now rent furnished rooms, with all-inclusive monthly bills and access to communal facilities such as spas, restaurants and cinemas. The trend is also being driven by millennials, who have been priced out of the traditional rental market in favour of sharing apartments or homes with friends.