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Microflats attract investor cash as millennials embrace co-living

Co-living microflats market accounts for 5-10% of Britain's 25 bn pounds build-to-rent rental sector


Millennials priced out of London’s traditional housing market are opting to rent tiny apartments in so-called “co-living” developments, a fast-growing area that private investors and venture capital are eager to tap into. Investors have put more than £1 billion ($1.28 billion) into “microflats”, where residents share facilities such as dining areas, lounges, work spaces, laundry rooms and gyms, and the investors are looking to do more. The Collective, a property company founded in 2010, is one of London’s major co-living ...

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First Published: Thu, August 24 2017. 23:12 IST