In reality, co-living is an adaptation of co-working within the housing market, an improved evolution of the boom that the student housing sector is experiencing throughout most countries. For many young people having a property is no longer their goal. Its priority is to take advantage of life, and its experiences and, in contact with other people with the same concerns, they multiply. In this way, it is not only a home provided but also an impulse to realize personal projects.
That is why the co-living model is designed for people to interact with others. While the rooms of the tenants are individual, the rest of the house has spacious and comfortable collaborative areas like: Kitchen, dining room, game room, library, gym, common spaces that invite you to share both moments of work, leisure, and relaxation. It is that the best ideas always come out on less thoughtful occasions while cooking, while doing laundry, while you wander.
A New Investment Formula
From an economic point of view, at first glance, the co-living may seem more expensive. The monthly price that a tenant pays on this rental model is somewhat higher than what he would pay for a traditional room. However, once inside, you have much more than if you only shared a flat. The co-living not only guarantees access to many services such as meeting rooms, library and even gym but also allows you to interact with people with the same concerns.
From a real estate point of view, the sector sees nothing wrong with this type of investment, and compared to traditional residential leasing, the profitability in these types of projects is greater than it is now something that is leading developers and investors to consider co-living as the new model of real estate investment that will solve the current housing problems. You can learn more here.
