Wales is home to the most in-demand shared living market in Britain, analysis from HMO management platform COHO has revealed.
Across Great Britain an estimated 10.4% of all shared living opportunities currently listed on the rental market have already been snapped up by tenants.
Vann Vogstad, founder and chief executive of COHO, said: “It’s no surprise that shared living demand is at its highest in the likes of London, Brighton, and Bristol.
“These cities are home to some of Britain’s most expensive rental markets which means lots of tenants are searching for a more cost-effective way of finding a great home in a prime location.
“But shared living is about so much more than saving money. In a society where feelings of isolation and loneliness are so rife, shared living brings the promise of community and friendship, especially for those who are moving to a new city and are hungry for human connection.”
The nation’s most in-demand shared living city is the Welsh capital of Cardiff, where 16.9% of listings have already found a tenant.
London ranks second with demand currently sitting at 13.1%, while Brighton ranks third at 12.2%.
Bristol (12%), Bradford (11.4%), and Liverpool (11%) all have above average demand for share living, while Newcastle (7.6%), Manchester (7.2%), Edinburgh (6.9%), and Birmingham (6.1%) round off the top 10.
Vogstad added: “While it used to be a given that you could, for example, arrive in a new city to start a new job and rely on the office for forming new friendships, many people now find themselves working from home for much, if not all of the week.
“Suddenly, one of our most direct and trustworthy routes to connection and kinship has been taken away from us, making it all the more important to find those things at home.”
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