There are now more than 4.5 million households living in the private rented sector across the UK – that’s more than doubled since the previous decade. The challenges of navigating this expensive and insecure housing market have fallen mainly on young people.
As documented in the CBRE “Millennials: Myths and Realities” report, which surveyed 1,000 millennials in the UK, more young people than ever before – 47 per cent to be exact – are currently looking for property to rent rather than to buy. Money is the key factor in this decision for the majority and despite the “London wage” much higher than the suburbs many would still find it difficult to rent an entire flat or house to themselves.
It is clear however, that this is not only a financial decision they are making, but a lifestyle decision. Many young professionals desire this co-living lifestyle. They want to be in a design-lead home, with like-minded inspiring housemates who they can socialise with on day one.
Moving to a new city, with a new job can be daunting enough, without having to concentrate on actively getting out and making friends. With house share companies such as London Shared the community aspect is a major factor in the decision to rent a room.
The young professionals who rent with us want to move in and immediately concentrate on their careers rather than setting up and paying bills, buying furniture and organising a cleaning rota. Our co-living houses come fully furnished, all bills are included and there is a weekly cleaner.
We pride ourselves in building a community feel for our tenants and we put a lot of effort into keeping it this way. We organise socials, health classes and even volleyball competitions. Happy tenants generally mean happy landlords and we want to keep it that way.
At London shared we will rent your property on a fixed-rate long term contract, we will then take over the management of the property, fully furnish it and find the right mix of professional tenants. We have a dedicated property management team to deal with any issues as soon as they arise, so all you have to worry about is where you will invest your monthly income!
If you think our concept could work for your vacant property, visit our website to find out more information. https://www.londonshared.co.uk/we-rent-your-property-directly-from-you/