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The current interest in co-living reflects a welcome shift towards high-quality provision of housing for an underserved demographic, writes Craig Sheach
During tough times, the market often retreats from “for sale” homes and pivots to student housing as a way to make sites viable. The recent economic turmoil has led to another cycle in this familiar pattern. However, there has also been a notable rise in co-living as an alternative “go-to” product.
Over the last 18 months at PRP, we have seen a massive surge in student housing and co-living enquiries and planning applications. The question in our mind is: will co-living demand recede when the economic landscape reverts, or has it established itself in the pantheon of housing products as part of the mixed and balanced communities’ agenda?
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