According to a new analysis report from ASAP Business Partner JLL, co-living is the next step for graduates moving from halls of residence into purpose built shared living space, and this is a sector property developers cannot ignore.

The report says that cities like London are already preparing to provide co-living developments which are also available to the wider private rental market, and that 70% of the 49,000 extra student housing beds in London over the past decade were directly let outside a university agreement.

Co-living can be a sustainable option since many European cities will come under pressure for housing, with a further 13 million people in European cities by 2025, since it offers smaller individual living space but greater emphasis on communal areas, for dining, living or leisure.

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