The co-living sector is gaining recognition from local authorities outside of London, with 7% of 84 researched councils addressing co-living in adopted policies or guidance. This percentage increases to over 25% when including emerging plans and draft guidance, indicating a growing acceptance of co-living as an alternative form of rented housing. According to Lichfields, a planning and development consultancy, this shift in policy reflects the need for councils to plan for diverse housing types to meet the needs of renters in their areas.
Introduction to Co-Living
Co-living combines private accommodation with shared facilities, offering residents a unique living experience. As councils begin to acknowledge the benefits of co-living, they are establishing policies to support its development, particularly in well-connected locations with access to employment, services, and public transport. This trend is expected to continue, with more councils adopting policies to accommodate co-living and provide developers with greater certainty about what is expected.
Key Findings and Implications
The research by Lichfields found that several councils, including Salford and Watford, already refer to co-living in their adopted local plans, while others, such as Birmingham and Leeds, have supplementary guidance in place. As more councils develop their policies, they can draw on established standards from London, adapting them to reflect local housing needs and ensuring that co-living schemes are well-integrated into the community. By recognizing how co-living accommodation is used and managed, councils can assess proposals more effectively and provide developers with clearer expectations.
Future of Co-Living
As co-living continues to gain momentum, it is essential for councils to balance the needs of different stakeholders, including residents, developers, and the wider community. By adopting supportive policies and providing clear guidance, councils can encourage the development of co-living schemes that enhance the quality of life for residents and contribute to the vitality of towns and cities. In conclusion, landlords and property investors should be aware of the evolving policy landscape surrounding co-living and its potential to shape the future of rented housing in the UK.
Source: Councils adopting policies to support co-living, Lichfields reports | Property Week