As rents increase, particularly in London, more and more people are flatsharing later in life.
It’s now quite common for people well into their 30s and even their 40s to be sharing a flat with friends, whether they’ve bought it together or they’re still renting. This is why 75% of the flatsharers that we surveyed said they thought flatsharing was a suitable way of living for your entire life.
Although owning your own property is a dream for many people, sometimes flatsharing can actually be a preferable way to live. Not only is there less responsibility on your part, you are also free to leave at any time, and you’re not tied down by a mortgage.
Of course there are some downsides to flatsharing too, but as rents rise, it is likely that more and more people will be renting and flatsharing for much longer than they anticipated. So, no matter what stage you’re at in life, there’s no reason to turn your back on flatsharing if homeownership doesn’t feel right for you.
And if you are a young professional who shares this point of view, then choose to flatshare with the best agency and properties!