House sharing is on the rise across the country, as the affordability crisis drives many towards sharing a home or welcoming a house mate amid the rising cost-of-living.
More than 210,000 people sought out share homes or potential house mates on share accommodation platform Flatmates in January, marking its busiest month on record. It was 6% higher than the previous record in January last year.
The surge in house sharing activity comes as rents climbed ever higher last year while homes were available to rent at historically low levels.
Flatmates community manager Claudia Conley said January was the busiest month…
Tenants are feeling the pinch regardless of whether they move or stay put, according to new data showing rent increases on property sites Zoopla and Rightmove, while the Office for National Statistics has also recorded steep increases to mid-tenancy rents.
The median monthly rent in England between October 2022 and September 2023 was £825 – higher than at any other point on record, according to ONS.
Rents in London have risen at a particularly high rate in the last year – tenants have seen surges of 6.9% in the year up to January – the highest annual rate since ONS…