A combination of strong consumer demand and rising institutional investment has pushed the co-living sector in Europe to a tipping point, according to research from JLL. The market for co-housing is expected to grow by more than 50% over the next five years, with an estimated €1.3bn spent on new developments this year. The disruptive real-estate solution has a strong presence in Europe's capitals, with London and Amsterdam accounting for close to 40% of all assets. However, the sector needs support from legislation to protect occupiers and future development pipelines, JLL claims.
A combination of strong consumer demand and rising institutional investment has pushed the co-living sector in Europe to a tipping point, according to research from JLL. On the continent, 53% of already built co-living assets are larger than 100 beds, but this will increase to 79% on completion of those in planning stages, pushing the average size to 250 beds. The disruptive real-estate solution has a strong presence in Europe's capitals, with London and Amsterdam accounting for close to 40% of all assets. However, the sector needs support from legislation to protect occupiers and future development pipelines, JLL claims.