It is happening all over the world and becoming a popular choice for the sharing economy. Our estate agents in Canary Wharf have a look at what co-living is and how it is presenting new opportunities for investing in E14.

Re-defining living space for tenants in E14

Co-living is popular throughout Asia and particularly in Hong Kong as a great way to live when faced with huge demand for property versus available space. The idea that all young people want to do is sit in a pub after a hard days work has long since gone. Many prefer to have the networking and company a pub  would provide but without the travel home afterwards or the hangover the next morning.

Co-living provides the luxuries of perhaps cinema rooms, games rooms, co-working spaces and gyms all under one roof. With these amenities at their fingertips then renters can feel connected and have a great sense of community without having to fork out for a very large living space or commuting to find it.

New co-living developments being planned for London

The success of London’s first large-scale co-living space, ‘The Collective’, has paved the way for more co-living spaces in London since it opened in 2016.

‘The Collective’ offers fully furnished apartments for your own private use with the added benefits of concierge, gym membership, room cleaning and superfast broadband all included in the rent. Not to mention daily activities and a host of other benefits. In this digital age where everybody wants to stay connected and network for work or pleasure it seems like an ideal way to live.

Since the Greater London Authority has acknowledged co-living as a form of accommodation,  developers have submitted plans for new co-living sites across London, including Canary Wharf, Stratford, Ilford and London Bridge.

Investing in E14 property

E14 is one of the strongest investment locations in London. Henry Wiltshire is impressed with the fact that there are so many living options available. Investors can look at what’s out there and make strategic decisions on what they choose to put their money into. It is not a one size fits all market.

If you are an investor looking in the E14 or surrounding areas please give our team in Canary Wharf a call. We may have the perfect opportunity for you.

See all Investing News >