Co-Living in the UK: A Growing Sector That’s Here to Stay
Cassidy Group Ltd, with over 40 years of experience in the residential property sector, is at the forefront of ever-changing housing needs in the UK. As we look to the future of urban living, one trend that stands out for its resilience, innovation, and potential for growth is Co-Living.
What Is Co-Living?
Co-living is a modern housing concept that blends private living spaces with shared communal amenities. Traditionally targeted at young professionals, co-living developments offer residents private en-suite bedrooms within a larger building that include shared kitchens, lounges, co-working areas, gyms, and even cinema rooms. The model is built around community, convenience, and affordability – three core pillars at the forefront of today’s rental market.
Why Co-Living Is in Demand
Several social and economic factors are driving the demand for co-living in the UK:
- Urbanisation and Affordability: With rising housing costs in major cities such as London, Birmingham, Nottingham and Manchester, renters demand high-spec accommodation without the cost of a traditional flat or apartment.
- Changing lifestyles: Millennials and Gen Z are prioritising flexibility, social interaction, and a work-life balance. Co-living offers functional living within a community.
- Post-pandemic preferences: The COVID-19 pandemic accelerated the desire for thoughtfully designed communal spaces where people can live, work and socialise.
- Flexibility: With shorter lease terms and all-inclusive pricing, co-living suits the transient nature of modern careers and remote working.
Institutional Appetite and Investor Confidence
The co-living sector has seen growing interest from institutional investors in recent years, and this momentum is set to continue throughout 2025 and beyond. According to Savills, the co-living market in the UK is expected to grow by over 20% annually, driven by consumer demand and attractive yield profiles. Co-living is an attractive option for global investors and pension funds, as unlike traditional buy-to-lets, co-living offers operational efficiency and higher net rental yields.
Why Co-Living Is Here to Stay
At Cassidy Group Ltd, we believe co-living is not just a passing phase—it’s a response to evolving lifestyles and urban challenges. With our deep-rooted expertise in residential property and a forward approach, we are committed to delivering high-quality, sustainable co-living spaces that meet the need of future generations. As local authorities become more familiar with the model and planning frameworks adapt, co-living development is becoming more viable across UK cities.
Our current to-be-built portfolio is valued at over £500 million and are aiming to deliver around 3,000 PBSA beds and 1,000 PRS apartments over the next three years. This includes eight schemes across six cities in England, with individual developments ranging from approximately £30 million to £120 million GDV. All our freehold sites are owned by us with implemented planning.
We are keen to discuss opportunities in further site acquisitions / planning, investments and funding, and joint ventures.
Please do contact us:
Telephone: +44 (0)1926 431313
Email: info@cassidygroupltd.com
Website: www.cassidygroupltd.com