14
feature
hot topic
why we need a proper industry definition of co-living
Louis Lane of Alec French Architects discusses co-living schemes and how they are addressing the shortage of low-cost homes in Bristol city centre...
Key workers and young professionals are vital for the smooth running of our cities and essential services. But our nurses, teachers, carers and other key workers often struggle to find affordable accommodation in our city centres because of rocketing property prices and rents. High land values and increased
development costs are also making brownfield sites in our urban centres
less appealing for traditional housing development. Co-living offers a solution by providing key workers and young professionals with affordable apartments and high-quality, shared facilities in convenient city centre locations. It also offers higher potential returns for developers and investors, making challenging undeveloped sites viable for construction. But co-living has an image problem
and is too often dismissed as ‘glorified student accommodation’. This is perhaps understandable given historic associations with HMO accommodation, but we need to better communicate the realities of high-quality co-living. The co-living model was first developed in urban areas with extreme cost-of- living challenges such as Hong Kong and London, but it has now become more prevalent within our regional cities.
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