News & Features

The Rise of Co-Living in the UK

Fri, 20 Mar 2026 09:22:48 GMT

As housing demand continues to grow across the UK, co-living is emerging as a flexible and community-focused solution for modern urban living.

The UK’s housing market has faced increasing pressure in recent years, particularly in major cities where demand for rental accommodation continues to outpace supply. Rising rents, changing lifestyles and greater mobility among young professionals have created a need for alternative housing models.

Co-living is now gaining traction as one of the most promising responses to these challenges, offering professionally managed, flexible living environments designed for today’s urban residents.

Growing Demand for Flexible Living

Cities such as London, Manchester and Birmingham have seen strong population growth, driven by employment opportunities, education and international migration.

However, housing affordability remains a significant issue. For many renters, especially young professionals, securing high-quality accommodation in central locations can be both difficult and expensive.

Co-living developments provide an alternative by offering fully managed living spaces with shared amenities, often at a more accessible price point than traditional private rentals.

What Co-Living Offers Residents

Co-living combines private living space—typically a bedroom or studio—with access to shared facilities such as kitchens, lounges, workspaces and social areas.

This model allows residents to benefit from:

flexible lease terms
all-inclusive bills
professionally managed environments
built-in community and social interaction

For individuals relocating to a new city, co-living also reduces the friction of moving, with ready-to-move-in accommodation and opportunities to connect with other residents.

Addressing Urban Housing Challenges

One of the key advantages of co-living is its ability to use space more efficiently. By incorporating shared amenities and optimised layouts, co-living developments can increase housing density without compromising on quality.

In high-demand areas where land is limited, this makes co-living a practical addition to the UK’s housing mix.

Local authorities are also beginning to recognise the role co-living can play in addressing housing shortages, particularly when developments are designed to a high standard and provide strong management and resident experience.

Investor Interest in the UK Co-Living Sector

The UK has become one of the leading markets in Europe for co-living investment. Institutional investors are increasingly targeting operational real estate sectors that generate stable, long-term income.

Co-living sits alongside other living sectors such as build-to-rent and student accommodation, offering:

strong rental demand
resilient occupancy levels
operational income streams

This growing investor interest reflects wider trends in the living sector, where professionally managed housing is becoming an increasingly important asset class.

The Future of Co-Living in the UK

As the UK’s housing market continues to evolve, co-living is expected to play a larger role in meeting the needs of urban residents.

With demand for flexible, community-led living environments increasing, co-living developments are well positioned to support:

young professionals
mobile workers
international residents
those seeking convenience and community

While co-living is not a single solution to the UK’s housing challenges, it represents an important and growing part of the residential landscape.

Top European Cities for Co-Living Investment

Mon, 16 Mar 2026 12:53:29 GMT

From London to Lisbon, Europe’s major cities are seeing growing demand for co-living as investors respond to housing shortages, urbanisation and the rise of flexible living among young professionals.

As demand for flexible, professionally managed housing continues to rise, co-living has emerged as one of the fastest-growing segments of Europe’s living sector. Driven by urbanisation, housing affordability challenges and changing lifestyle preferences, investors and developers are increasingly targeting cities where co-living can meet the needs of young professionals and mobile workers.

Across Europe, several cities stand out as particularly attractive markets for co-living investment due to strong rental demand, growing populations and limited housing supply.

London

London remains one of the most attractive co-living markets in Europe. The city’s large population of young professionals, combined with high housing costs and limited rental supply, has created strong demand for flexible living solutions.

Co-living developments can offer residents professionally managed accommodation, shared amenities and community spaces while helping address affordability challenges in the capital. With continued population growth and a dynamic employment market, London is expected to remain a key hub for co-living operators and investors.

Berlin

Berlin has become one of Europe’s most attractive residential markets, driven by a strong technology sector, international workforce and steady population growth.

Demand for rental accommodation remains high, particularly among young professionals relocating to the city for work. Co-living developments can provide flexible, community-focused housing that aligns well with Berlin’s vibrant and international lifestyle.

Amsterdam

Amsterdam has experienced significant population growth over the past decade, putting pressure on housing supply and increasing demand for alternative residential models.

With a large international workforce and a thriving technology and creative sector, the city has become an attractive market for co-living operators. Flexible living environments that combine private space with shared amenities can appeal to residents seeking community and convenience in a competitive housing market.

Barcelona

Barcelona has emerged as a major destination for digital professionals, entrepreneurs and international talent. The city’s lifestyle appeal, combined with strong tourism and business sectors, continues to attract new residents each year.

Co-living developments can support the needs of this increasingly mobile workforce by offering flexible accommodation, shared workspaces and community-focused living environments.

Lisbon

Lisbon has rapidly become one of Europe’s most popular destinations for international professionals and remote workers. The city’s growing startup ecosystem and lifestyle appeal have driven significant population growth and increased demand for rental housing.

Co-living can offer a flexible solution for residents relocating to Lisbon, providing ready-to-move-in accommodation and opportunities to connect with like-minded professionals.

The Future of Co-Living in European Cities

As urban populations grow and housing markets continue to evolve, co-living is expected to play an increasingly important role in Europe’s residential landscape. Cities with strong job markets, international talent pools and constrained housing supply are particularly well positioned for co-living growth.

For investors and developers, these markets present opportunities to deliver professionally managed living environments that combine flexibility, community and convenience for modern urban residents.

With demand for flexible housing continuing to rise, Europe’s leading cities are likely to remain at the forefront of co-living innovation and investment in the years ahead.

Investor Demand for Co-Living and Living Sectors Across Europe Grows

Mon, 16 Mar 2026 11:58:44 GMT

Investor demand for Europe’s living sectors is rising, with co-living and flexible housing models gaining momentum as capital returns to operational real estate markets.

Investor appetite for Europe’s living sectors is continuing to grow, with formats such as co-living, single-family housing (SFH) and senior living attracting increasing attention from institutional capital.

According to Savills’ latest European Investor Survey , conducted alongside Savills Investment Management, investors representing €540bn of real estate assets under management are increasingly allocating capital towards operational real estate (OpRE) — sectors where performance is driven by active management and strong resident experience.

The survey highlights a clear trend: since 2022, investment into operational real estate has risen from 30% to 38% of total real estate investment , reflecting a growing shift away from traditional passive property models and towards operationally driven living assets .

Nearly two-fifths of investors expect to increase their allocations to these sectors over the next three years , reinforcing the long-term confidence in Europe’s living markets.

Co-living and flexible living models gain traction

Among operational real estate sectors, investors identified several living formats as key priorities:

Purpose-built student accommodation (PBSA) – 58%
Multifamily housing – 52%
Single-family housing (SFH) – 52%
Co-living – 50%
Senior living – 42%
Care homes – 42%

The continued rise in investor interest in co-living reflects the increasing demand for flexible, community-led living environments , particularly in major European cities where affordability, mobility and lifestyle preferences are reshaping how people choose to live.

As urban populations grow and housing supply remains constrained in many markets, professionally managed living models are becoming an increasingly important part of the housing ecosystem.

At the same time, interest is expanding across adjacent sectors that blend residential and hospitality elements. Serviced apartments and aparthotels , for example, saw investor appetite rise from 27% to 33% year-on-year , highlighting the growing convergence between living, hospitality and lifestyle-driven real estate.

UK and Europe remain key investment markets

Geographically, investors continue to prioritise the UK and Ireland , followed by the DACH region (Germany, Austria and Switzerland) and Southern Europe (Italy, Spain and Portugal) .

Meanwhile, 16% of investors are adopting pan-European strategies , reflecting the increasing scale and institutionalisation of the living sector across the continent.

Across operational real estate sectors, investors surveyed expect to allocate around €45bn over the next three years , with 2027 forecast to be the most active year for investment activity .

A more operational, income-driven real estate cycle

Following a challenging fundraising environment in recent years, investor sentiment is beginning to improve. Many respondents anticipate better market conditions over the next 12 months , with value-add and core-plus strategies seen as the most accessible for raising capital.

Direct investment and joint ventures remain the preferred approach for 58% of investors , although interest in fund structures is growing , with 23% of respondents now favouring this route compared with just 8% in 2025.

This shift is expected to support fundraising and allow investors to gain exposure to operational sectors without building in-house operating platforms.

The growing role of professionally managed living

Overall, the findings point to a gradual return of capital to European real estate, with professionally managed living sectors playing an increasingly central role in the market.

As housing demand evolves and urban lifestyles continue to change, operationally driven models such as co-living, build-to-rent and other flexible living formats are expected to remain key areas of focus for investors across Europe.

Unlocking Insights: A Deep Dive into the Preferences of UK Tenants

eve@kosyliving.co.uk (Eve Thomson) — Thu, 24 Aug 2023 07:55:44 GMT

UK Tenant Insights & Preferences

In a recent comprehensive survey conducted by JLL, 1,400 residents from across the UK shared their perspectives on various aspects of their living arrangements, preferences, and what they value most in their homes. Here's an exploration of the key findings that shed light on the evolving landscape of UK tenant preferences:

Getting to Know UK Tenants:

The survey covered a diverse group of UK residents, with 47% residing in the bustling metropolis of London and 53% spread across the rest of the country. The vast majority of the survey participants were under the age of 45 (89%), highlighting the prominence of younger demographics in the rental market.

When it came to living arrangements, 73% of respondents either lived alone or with a partner. Furthermore, a substantial 71% of respondents didn't own a vehicle, with an even higher percentage of 81% in London opting for alternative modes of transportation.

The Moving Landscape:

The survey revealed that 42% of tenants were contemplating a move within the next year, with an additional 28% considering a move within the next two years.

Interestingly, a significant 64% expressed their intention to continue renting with their next property, while 26% were exploring the possibility of homeownership.

Motivating factors for these moves included aspirations to buy a property, seek better locations or neighbourhoods, career or educational changes, the need for more spacious accommodations, and the quest for more affordable living .

The Energy Efficiency Imperative:

In today's environmentally conscious world, a remarkable 76% of respondents indicated that energy efficiency had become increasingly important in their housing choices compared to the previous year.

Looking ahead, a resounding 90% affirmed that energy efficiency would be a pivotal factor in deciding their next dwelling.

The driving force behind this focus on energy efficiency was primarily economic, with 69% citing the desire to save on energy bills, followed closely by 28% who aimed to reduce their carbon footprint.

Notably, newer homes lead the way in energy efficiency, with the ONS reporting an impressive 85% achieving the highest energy efficiency levels, denoted as EPC A or B. In contrast, just 4% of older homes managed to attain this status.

Interestingly, only 1% of tenants enjoyed the benefit of having their bills included in their rent , despite Rightmove reporting that inclusive bills are a rising priority and one of the top searches for those seeking for somewhere to live on the property search portal.

The Rise of Flexible Working:

The survey also highlighted the evolving nature of work, with 70% of respondents indicating that they worked from home at least one day a week. A significant 72% balanced their work between home and office. Meanwhile, 28% of tenants still adhered to the traditional full-time in-office work model.

Amenities Aplenty:

The survey examined the usage of various amenities offered by residential properties, revealing intriguing insights:

Gym: 81% use the gym either regularly or occasionally
Pool: 66% used the swimming pool regularly or occasionally
Communal Lounge: 63% used the residents lounge regularly or occasionally
Co Working: 54% used the co working space regularly or occasionally
Roof Terrace: 62% used the roof terrace regularly or occasionally
Private Dining: 50% used the private dining space regularly or occasionally
Cinema: 52% used the cinema regularly or occasionally

Other Living Considerations:

When it comes to selecting their next home, a staggering 93% of tenants deemed broadband speed as very important.

The local neighbourhood and surroundings were paramount to 98% of respondents, profoundly impacting their well-being and overall happiness.

Convenience reigned supreme, with 92% emphasising the importance of proximity to transportation.

Retail therapy and leisure pursuits held sway over 84%, who insisted on being within easy reach of shops and entertainment.

Having an outdoor area nearby was also desired, as 81% expressed a preference for residing near a park or green space.

The quality of pubs and restaurants also mattered to 70% of respondents.

Lastly, 59% sought a sense of community, and 52% wished to remain close to family and friends.

These findings provide a fascinating glimpse into the evolving landscape of tenant preferences in the UK, offering valuable insights for renters, real estate agents, co living / BTR property developers and operators as they navigate the changing tides of housing and living expectations.

Housing Supply England Q2 2023

Mon, 14 Aug 2023 11:03:48 GMT

England Housing Supply Down Approximately 25,000 Homes

Savills have reported that England witnessed a decrease of approximately 25,000 new homes in the past year compared to the previous year. This decline in new home construction raises concerns about supply and demand:

The availability of new homes in England continues to be a concern, with only 239,300 new homes completed in the twelve-month period leading up to June 2023, as reported by Energy Performance Certificate (EPC) data.

There is a possibility of further decline in the rolling annual total in the upcoming months. Only 110,600 new homes were completed in the first half of 2023, and this six-month figure is the lowest since 2017, when excluding the influence of the pandemic.

This indicates the government's annual goal of 300,000 new homes per year will be missed, at least for the foreseeable future.

A significant contributing factor to this situation has been the persistent uncertainty surrounding planning policy. The Levelling Up and Regeneration Bill, set to introduce revisions to the National Planning Policy Framework (NPPF), has encountered delays and will not return to Parliament for the review of amendments until the Autumn. Furthermore, local planning procedures have also slowed down. Over the past ten years, an average of twenty-seven local plans were adopted annually; however, by the midpoint of 2023, only eight plans have been adopted, which is less than half the anticipated number.

On the other hand, the BTR sector shows signs of improvement. Whilst the commencement of Build-to-Rent projects has decreased, the pace of this reduction has moderated. Completions are once again increasing, driven by robust rental growth and heightened investment within the sector. Additionally, the number of new affordable homes looks set to come in at the second highest in eight years, with an estimated 26% rise in the number of social rent homes being built.

However, overall, new home availability continues to fall short of housing demand in the majority of England, with the Southeast region experiencing particularly notable effects.

Later Living Market – July 2023

Fri, 04 Aug 2023 09:19:08 GMT

Senior Living Market Overview

Knight Frank reported that there were over 8000 new senior living units created in 2022, consisting of more than 145 developments, a 6.4% increase compared with 2021.

Only 12% of the senior housing stock in the UK has been built after 2010, with 69% built before 1990, indicating a significant amount of older and outdated properties.

Knight Frank have forecast an increase of 91% in terms of the total number of private senior rental units by 2027.

The Office of National Statistics have projected an increase of 4.2 million seniors by 2040, reaching a point where 25% of the population will be aged 65 or older.

Integrated Retirement Communities (IRCs) accounted for 58% of all new seniors housing units delivered in the UK last year and are poised to remain the primary focus for senior housing delivery.

Market Challenges

Challenging development conditions have been brought about by increased construction costs, limited labour supply, and planning uncertainty. Additionally, the persistence of high inflation has further compounded the operational challenges with rising costs. According to the BCIS, build costs experienced a significant surge of 8.7% in the previous year, with material expenses witnessing a rise of 10.9%, and labour costs escalating by almost 5%.

The 2022 Mayhew Review that was published to independently verify the magnitude of the housing predicament suggested the government to set a seniors housing target of 50,000 units annually until 2040 to meet the growing demand.

Given that just over 8000 new senior living units were created in 2022, at the current rate there would be a shortfall of over 700,000 by 2040 .

Paul Brundell, CEO at Kosy Living said:

"Kosy Living’s commitment to help meet the housing needs of the growing senior population remains unwavering. Our focus on later co living and integrated retirement communities will pave the way for sustainable and innovative senior housing solutions.

Senior housing is not only crucial for the growing 65+ population but also presents a feasible solution to the broader housing crisis. By providing attractive and viable alternative residential options for retired and semi-retired individuals, we have the potential to release millions of family homes back into the mainstream housing market.”

Q1 2023 | Rental Market

Mon, 24 Jul 2023 12:56:21 GMT

Rightmove’s data from Q1 2023 indicates the prevailing mismatch between supply and demand will continue in the UK due to the lack of expected new rental properties to come on the market.

Letting agents are grappling with an overwhelming volume of tenant enquiries for each property available, intensifying the competition among tenants striving to secure a home.

Some Key Findings:

Tenant demand and enquiries show a 4% increase compared to last year, and a 48% rise in comparison to 2019.

Average asking rents in London have exceeded £2,500 (per calendar month).

UK rents outside of London average £1,190 per month.

The number of properties available to rent 46% below 2019’s level.

Paul Brundell, CEO at Kosy Living said:

“The requirement for high-quality, purpose-built rental homes remains critical. At Kosy, we are committed to making a positive impact by providing innovative and sustainable housing solutions that cater to the growing demand and needs of our communities.

Our contemporary, quality and environmentally conscious co living and built-to-rent properties not only meet the highest standards of comfort and convenience but also prioritise affordability through our bills-included rent model and the health and wellbeing of our tenants.

A home is more than just a physical structure; it is a place where memories are made, and where individuals, couples and families grow. Kosy takes pride in not only providing rental homes but also fostering a sense of community within our properties.

As the housing crisis continues to challenge communities UK-wide, we remain resolute in our mission to create positive change.”

Kosy Unveils Exciting Vision for Innovative Co Living Community in Bath

eve@kosyliving.co.uk (Eve Thomson) — Mon, 26 Jun 2023 08:35:43 GMT

The multi-use scheme will be the first-of-its-kind in the area. Kosy Co Living aims to provide a dynamic and sustainable living experience, incorporating co working spaces, new and improved retail and workshop units for the existing businesses, and significant enhancements to two key public underpasses connecting Wells Road with the City Centre.

The visionary plans include the incorporation of over 400m2 of employment floorspace on the ground level, with three upper floors offering 77 spacious co living studios. These studios will be complemented by impressive communal amenity spaces, fostering a strong sense of community and social interaction among residents. Additionally, a dedicated amenity area on the rooftop level will provide a unique space for exercise, relaxation, and leisure.

In line with Kosy Co Living's commitment to ESG, the proposed development will utilise high-quality and locally sourced materials, including the renowned Bath Stone. The contemporary design approach seamlessly blends the historic uses and character of the area, preserving the architectural heritage whilst embracing modern living.

The revamp of the public passageways next to the site will provide safer and more attractive routes in and out of the city centre for all with significant enhancements.

Kosy Co Living is a great option for those working in Bath who are looking for a modern, convenient and cost-effective way to live in the city centre with bills and co working included.

Bath, like many other UK cities, is experiencing a housing shortage, with a particular demand for studios.

Toby Martin, General Manager of award-wining letting agent Reside Bath said:

"We are seeing overwhelming demand for one-bed and studio apartments to rent in Bath, and sadly the supply of properties to the market is currently nowhere near sufficient. It is a particularly challenging time for young professionals and recent graduates to secure rental property, as this is where demand and therefore competition for property is highest."

Residents will benefit from exceptional amenities, including a free gym membership to the in-house health and wellness facility. The building will be staffed around the clock by a dedicated team, ensuring the highest level of service, security, and comfort for everyone.

Environmental stewardship is a key pillar of Kosy Co Living's ethos. The design team has meticulously considered futureproofing, adaptability, and sustainability throughout the planning process. The building will be equipped with heat source pumps and a solar PV energy system, harnessing renewable energy sources to minimise the carbon footprint of the building. In addition, bespoke landscaping initiatives are being explored to enhance biodiversity.

The new co living community is in an exceptional location in Bath and is therefore designed to be "car-free," with only three parking bays available for loading/deliveries, disabled badge holders, and one electric car, which can be booked by residents. The emphasis on sustainability is further highlighted by the provision of indoor cycle storage for every resident, encouraging a healthy and environmentally friendly lifestyle.

The proposed development reflects Kosy’s commitment to elevating the standard of modern living whilst prioritising the need for quality, affordability, and environmental responsibility. With its thoughtfully designed spaces, excellent sustainability features, and strong community focus, this development is set to become a benchmark for future co living and multi-use projects in the city.

Co Living Sector Popularity Grows

Tue, 30 May 2023 07:17:51 GMT

Since the coronavirus pandemic, activity within the Co Living sector has experienced a significant increase, more than doubling in size.

Savills Research has found that since the beginning of the Covid-19 pandemic in early 2020, the sector has witnessed a substantial surge in activity. With 2000 new beds completed in 2022 alone, and a further 4,999 beds currently under construction, the trend is only expected to grow.

Despite the co living boom starting in London , other regions are progressing quickly. Growth cities include Birmingham, Bristol, Glasgow , Leeds, Manchester and Sheffield, which are all metropolitans with a large amount of young professionals - the core target market. There are also co living developments set for smaller cities such as Brighton and Guildford.

Kosy Co Living is currently spearheading the development of Brighton's first ever co-living urban village, which will serve as a pivotal contributor to the city's co living offering.

The combined count of co living beds in the UK, encompassing both existing and properties at planning stages, has reached 25,021. Out of this total, 3,422 beds are currently operational, while 21,599 beds are in the pipeline for future development. When considering both operational beds and those in the pipeline, the overall size of the sector has almost tripled since 2019 ( Savills , 2023).

Earlier this year (Q1 2023), Savills Investment Management surveyed European investors with over €1tn of combined assets under management, and found that 51% were planning to focus on co living within the next three years - a 13% increase, marking the highest growth rate among all "living" sectors.

What about co living tenants?

There are various factors that are influencing growing interest and demand from tenants. The UK-wide housing crisis includes lack of suitable rental stock and co living offers a modern solution to this for a particular demographic. The social aspect of co living also has strong appeal, the idea of living in a community where you can really get to know people, form friendships and expand your network.

Co living offers modern on-site amenities which other rentals don't have the capacity for, such as areas to socialise, access to a gym, outdoor areas and co working spaces, plus they are already in great locations, typically close to local amenities and transport links.

Many co living buildings also offer all-inclusive bills which simplifies the renting process and often is the more cost-effective rental option when considering all-in living costs . Earlier this year, Rightmove's second most popular search term became " bills included ", second only to "pets" allowed, indicating the demand.

What about co living's sustainability?

Co living has some valuable attributes when it comes to Environmental and Social sustainability. Firstly, the social value of living in a community where facilities are shared provides a natural way for people to meet and interact. It isn't surprising that industry research so far has found tenants feel both their social life and quality of life has improved. Co living plays a huge role in combatting urban loneliness, and provides an environment with a focus on mental health and wellbeing.

Furthermore, many co living residences have public amenities in the form of a café, or co working spaces, widening that community reach and social value.

Co living developments tend to be well located to city centres and amenities meaning they are car-free and often have cycle spaces for everyone. This encourages a healthy and active lifestyle whilst significantly reducing reliance on vehicles, and therefore the impact on the environment.

Co living takes up less land area compared to individual housing and can house many people within one building. Buildings are modern and designed to be energy efficient, with the latest technologies and use of recycled, re-purposed or sustainable materials, further enhancing it's environmental attributes.

The efficiencies derived from the shared spaces have the potential to significantly reduce the carbon footprint of residents. According to research conducted by Conscious Co-Living, carbon emissions per household in co living communities were found to be up to one-third lower compared to the average UK household.

Kosy Co Living

Kosy Co Living is at the forefront of this thrilling new era, a significant player actively spearheading the growth and development of the sector with projects in prominent locations such as Bath , Brighton , London, Watford , and several others. Our mission is to build amazing spaces that encourage and facilitate human connection and collaboration, enhance lifestyles and create unforgettable memories for our residents. Explore all of our projects here .

Team Spotlight Series: Denizhan

Tue, 02 May 2023 10:21:13 GMT

Q&A with Denizhan, Kosy Living's 3D Visualiser

1. Introduce yourself and please describe your role within Kosy Living.

I’m an experienced architect and a 3D visualiser, supporting the design team with CGIs and animations, and assisting with planning decisions at Kosy Living . I work closely with architects and planners to help plan and visualise projects , ensuring all ideas are represented as accurately and aesthetically as possible. My expertise is conceptual design, 3D modelling and architectural visualisation.

2. How long have you been in the industry? How did you get to where you are now?

I’ve been in the architectural design and visualisation industry for more than 25 years. After earning my degree in Architecture and working 3 years as an architect, I decided to pursue my career as an Architectural Visualiser. I founded a 3D visualisation studio and ran it successfully for 20 years, creating thousands of CGIs and animations. It is not an easy job and not every day has been inspiring, but passion has driven my career.

3. What made you want to become an Architect/3D Visualiser?

Ever since I was at a primary school age, I wanted to become an architect. I loved drawing and sketching which later became a passion for architecture and design. In my university years, I was introduced to computer aided design which fascinated me. Architectural visualisation is not only about technical ability but also creativity, and bringing an idea to life which attracted me the most.

4. What are your favourite things about your job?

Being a 3D visualiser can be one of the best occupations out there. It’s a perfect combination of creativity and technical ability. It is incredibly satisfying to create inspiring images and animations.

5. What do you think are the biggest challenges?

The 3D industry can be very challenging. The job’s demands can be frustrating. Time pressures, and heavy workload can be daunting. Due to the pace of the industry, you must stay up to date with the latest tools and improvements.

6. It’s a very creative role, what inspires you?

Nature and the environment are my primary sources of inspiration. There are so many architectural products that mirror their designs from nature. Built environment and architecture is another source of inspiration for me. Photography provides inspiration for much of my work as well.

7. What do you like about working for Kosy Living?

I’m grateful to be a part of this team. The effort that an employee puts in never goes unappreciated. It’s very motivating to be recognised and encouraged. Kosy Living is a very collaborative environment and I trust and enjoy working with the friendly and kind people here. I’m proud to be a part of this fast-growing and talented team, where you can see projects through from conception to completion.

8. What do you think are the benefits of using 3D visualisation?

Architectural Visualisation is the art of creating still images or sequences of images showing the characteristics of a proposed design. In this age of lightning-fast response rates, it is more important than ever for architects to be able to provide clients with a clear idea of what is to be built. The techniques and the processes vary, but the aim of a computer-generated image is to improve the design and increase the marketing value.

The most important aspect of the CGI as a design and communication tool is that they are very reachable to clients or the public who often struggle to understand technical architectural drawings. They are effective for communicating design intentions, and have no language barriers whilst visually stimulating the design process, providing a better spatial understanding. It also helps people understand the cost that would be involved as well as the time it would take to deliver a project.

9. What are your favourite projects that you've worked on? What sort of project would you like to work on?

I believe the more time I spend on a visual and the more freedom I have as an artist, the better the result. There are also some amazing designs which need only a little contribution to make it look outstanding. It doesn’t matter what type of structure I am modelling, be it a residential, commercial, or an industrial building, as long as I can bring an inspiring idea to life. I am particularly proud of a residential project I visualised in Endlesham, a commercial building in Azerbaijan and an office fit-out in London.

10. Do you have any tips for people that would like to do this as a career?

Constantly observe the “real world” to understand how things should look in your renders. But 3D Visualization is not only achieving a photo-real representation of a proposed building or space. That would not be more than a technical illustration or simulation. You should master the fundamentals of art, principles such as the rule of thirds, the golden rectangle, the rule of odds, colour theory, etc. Jobs require experience in artistic principles, modelling, lighting, scripting, and even animation. Describing the project with technical accuracy is not enough. You need to make people desire whatever it is that you are proposing.

Thanks, Denizhan!

Keep your eyes peeled for the next Q&A from our Team Spotlight Series.

BTR Investment Surpasses £1.1bn

Mon, 17 Apr 2023 11:04:15 GMT

Q1 2023 | UK BTR Investment

In Q1 2023, investment in UK Build-to-Rent has surpassed £1.1 billion, indicating that investors are keen to explore opportunities in the sector due to the rising demand for rentals.

In March 2023, Kosy Living reported that the number homes available to rent in the UK dropped by one third over the past 18 months. Zoopla's recent data also confirmed the demand for properties has risen to 50% above 'normal levels'.

According to BNP Paribas Real Estate's recent analysis, the BTR sector has experienced a significant resurgence, following total volumes in 2022 amounting to approximately £4.3bn. The analysis shows that around 75-80% of the investment activity in Q1 2023 was directed towards suburban areas outside London including Manchester and Birmingham, and single-family housing. However, the research has also observed an increase in interest in London and its commuter belt for new investors seeking out less risky locations.

6 Top Tips when Renting a Property

Tue, 04 Apr 2023 10:54:16 GMT

Looking to rent a property?

Are you looking to rent a property? If so, you'll want to make sure you're taking all the necessary steps to find the perfect place for you. It can be difficult to know where to begin. To help you out, the Kosy Living team has put together a list of top tips for anyone considering renting a property. From knowing your budget and researching the area, to understanding all-in living costs, these tips will help you secure the perfect property for you.

1) Start your search early

When looking to rent a property, it’s important to start your search as early as possible. Don’t wait until the last minute as it's a very competitive market and the best properties usually get snapped up quickly. Start by researching different areas and neighbourhoods. Many websites have interactive maps that let you quickly scan for available rentals in your preferred area. We also recommend widening your search area as it can often surprise you how close you can live to your preferred area either walking or via transport links.

By taking the time to do your research and start your search early, you’ll be more likely to find a rental that meets your needs.

2) Know your budget

Before you start looking for a property to rent, it is important to know your budget. Think about how much you can afford to pay in rent each month and consider all-in living costs such as bills, utilities, travel/commute, Wi-Fi, gym membership etc. These are all important factors when calculating your budget.

There are many modern rental options in and around cities now that offer bills included rent, and facilities such as a gym. Check out our information on Build-to-Rent and Co Living for more on this.

Will you be sharing with a friend or partner? It's important to have the discussion early on to see what works for you.

3) Have a realistic idea of what you want

It's easy to get caught up in the excitement of looking for a new place to live, but it's important to have a realistic idea of what you want in a home. Think about the things that you absolutely need in a rental apartment, such as location, size, and storage space you'll need. Also consider any extras that you would like, such as proximity to public transportation, on-site amenities, or pet-friendly policies.

The likelihood is, there will always be compromises, so it's about creating a list of must-haves and nice-to-haves. Must-haves should include items that you absolutely need in a property, such as a certain number of bedrooms, or a modern kitchen. Nice-to-haves can include features that are not essential but would be desirable, such as a garden or swimming pool. Knowing the difference between the two will help you narrow down your search more effectively.

It's also OK to change your mind, this is normal the more properties you find. For example, perhaps a property doesn't have a garden however it is in an amazing location, is great for transport and is next to a park. It’s about weighing up what is more important, whilst allowing for some flexibility.

4) Consider all-in living costs

As mentioned before, when looking to rent a property, it’s important to make sure that you take into account all the additional costs associated with renting. On top of the rent, you need to factor in things like council tax, bills, utilities, travel/commute costs and any other services that you may need such as Wi-Fi or having a gym membership.

It can be easy to forget about these costs when you are in the excitement of house hunting, but taking the time to consider them is vital to ensure that you can afford your new home. To make sure you don't end up financially stretched, create a budget that allows for all these additional costs, so that your dream property doesn't end up becoming a financial burden.

Another factor to consider is the cost of running your home! Newer builds benefit from increased efficiencies in terms of energy. Zoopla recently reported that 85% of new-build homes were given an A or B Energy Performance Certificate (EPC) rating in 2022, compared to only 4% of older homes. EPC Ratings go from A-G, A being the most efficient. Knowing this can help your decision and save you money on energy bills.

Many refurbished, modern or new build rental apartments offer inclusive bills such as Wi-Fi and utilities, and some even have facilities within the building such as a gym and spaces to work from! Often, the total rental price appears more than traditional options, but when you factor in the all-in living costs, it can be more affordable.

5) Consider Furnished vs Unfurnished

When looking for a rental property, it is important to decide whether you want the property to be furnished or unfurnished. The main advantage of renting a furnished property is that you don't need to purchase furniture yourself, saving you time and money.

Unfurnished properties can be cheaper than their furnished counterparts, but they do require you to purchase all your own furniture. You also need to consider the cost of removalists to transport your furniture if you are moving from a different location. Additionally, it may take some time to get your furniture delivered and set up.

Ultimately, whether you choose to rent a furnished or unfurnished property will depend on your individual preferences and budget. If you have the time and money, investing in quality furniture for an unfurnished property may be worth it in the long run. However, if you’re looking for a quick move-in option, then a furnished property may be the better choice.

Remember, you can always decide to keep a few select items you really love if there is space in your new furnished place!

6) Be prepared to move fast

When you’re renting a property, it’s important to be prepared to move fast. The rental market can be highly competitive, and you don’t want to miss out on your ideal rental property. To ensure you are ready to make the most of any opportunity that comes your way, make sure you have your documents, references, and deposit ready.

When sending an enquiry, any other information you can give the landlord such as when you can move, and any flexibility on dates etc. will give you an advantage. This information makes it easier for the landlord to make a quick decision, and the more likely you are to secure the property over someone with a less detailed enquiry. 

UK Rental Homes Available Fall by a Third

Wed, 29 Mar 2023 10:56:36 GMT

High Demand & Limited Availability

The number of properties available to rent in the UK has dropped by a third over the past 18 months. The BBC has reported that people are finding it difficult to find a rental property due to huge demand and competition with other property searchers. This means that there are a limited number of properties available at any given time.

Zoopla's data, gathered from the listings on their website, confirm that demand for rental properties has risen to 50%+ above ‘normal’ levels.

A direct result of this shortage is that rent prices have gone up and a large number of landlords have left the market. Zoopla reported that 11% of homes now for sale on the website were previously rented.

Richard Donnell, Executive Director for Research at Zoopla said:

"We just haven't seen much new investment by landlords in rented housing. And that's creating a real crunch in availability."

New regulations for landlords, increased mortgage rates and tax changes have made it less profitable for landlords to buy properties and make them available for rent. Short-term lets, such as Air BnB ,has seen a three-fold increase since 2019 according to Zoopla, as this offers better returns than long-term tenants.

So how do you secure a rental property? The majority of people understand the importance of having a good credit rating and their deposit secured, however, here are some other tips for those currently searching for rental properties:

Widen Your Search

Most people have the perfect area in mind and it's difficult to stray away from this when you know where you want to be. However, widening your search area can often surprise you, and in fact travel time to the area you want to be, might be much quicker than you initially thought. Use Google maps, city mapper and distance features on property search websites to broaden your search.

2. Be Prepared & Move Fast

Once you know your area, it's important to know exactly what you are looking for in a property and have your 'negotiable' and 'non-negotiable' lists ready e.g. furnished, appliances etc. Searchers can then set up property alerts and be ready to move fast in terms of arranging a viewing or applying. Rightmove reported that 70% of rental properties listed received at least one enquiry within the first day of it being published, so it’s important to be prepared and move quickly to get ahead of the competition.

3. Have all your information ready

It's important to have your references and their contact information ready to go, plus any other information you can give the landlord such as when you can move, your situation and any flexibility on dates etc. The more accurate detail you can provide, the easier it is for the landlord and the more likely you are to secure the property over someone with a less detailed enquiry.

Check out our other top tips when renting a property here .

About Kosy Living

Kosy Living's mission is to build spaces that encourage and facilitate human connection and collaboration, enhance lifestyles and create unforgettable memories for our residents.

Our group specialises in the alternative residential sectors, which include Student Accommodation , Co Living , BTR and Later Co Living . We believe that these sectors offer a robust solution to the housing crisis by providing contemporary and quality rental homes in top locations for a variety of property searchers.

Our buildings are managed 24/7 by our staff, delivering excellent customer service from the day our residents move in. In addition, these types of properties can often be the more affordable option due to bills being included, plus excellent benefits and amenities within the property such as housekeeping, on-site maintenance, social events, outdoor spaces, gym/classes, co working facilities, and dining options.

We seek to build communities and therefore offer long-term tenancies to help us achieve this. Our buildings are managed 24/7 by our staff, delive ring excellent customer service from the day our residents move in.

Learn more about Kosy Living here .

PBSA Shortfall | March 2023

Wed, 22 Mar 2023 08:53:35 GMT

Not enough student beds

There are now almost 2.2 million university students in full-time education in the UK (an 8% increase from 2021). However, there continues to be a shortfall of student beds as the new PBSA (purpose-built student accommodation) supply is not currently keeping up with the increasing demand.

A mature market in the UK, investor appetite for the sector remains strong as Knight Frank’s ‘ Student Property Report ’ portrayed a record £7.2bn of UK PBSA investment in 2022.

“The UK is the largest PBSA market in Europe” says Nick Whitten, Head of EMEA and UK Living & Residential Research at JLL. However, Data from StuRents forecasts that by 2025, there will be a shortage of around 450,000 student beds.

The shortfall of student beds in cities historically with the strongest growth in student numbers e.g. Bristol and Manchester, is increasing at a rate of over 1,000 bed spaces short every year ( Knight Frank , 2023).

Most UK university cities are struggling to house all their students and between now and 2030, full-time UK undergraduate numbers are only expected to rise.

Cushman & Wakefield recently reported that there are 697,734 PBSA beds, and 175,910 of which are older, poor-quality first-generation schemes.

Demand continuing to outstrip supply in PBSA is putting added pressure on the private rental market in every UK university city.

Kosy Student is committed to respond to this shortage by securing well located sites UK-wide to deliver much needed modern and high-quality purpose-built student homes for the next generations.

A Rising Priority for Renters: Bills Included Rent

Wed, 15 Mar 2023 13:50:54 GMT

All-inclusive rents in demand

Rightmove has reported that inclusive bills are a rising priority for those searching for somewhere to live on the property search portal. In 2022, "bills included" was the fourth most popular search term and it is now second as of March 2023. "Pets" keep the number one spot however, which it they have done consistently for several years.

Co living and Build-to-Rent (BTR) buildings already address this demand by including bills in the rent, and most BTR homes and apartments promote that they are pet-friendly, an attractive aspect for renters.

Kosy Living recently explored the Benefits of Co Living , identifying 7 key advantages to living in a community with shared spaces.

From rising consumer goods and energy prices to rent and transport costs, the cost of living and running a home has understandably become a huge topic in 2023. Google searches for the term ‘energy bill’ has risen by over 800% in the last 12 months.

Supply and demand issues are pushing up energy prices. One of the other issues related to energy costs is the lack of modern homes in the UK. Zoopla reported that the UK has one of the "oldest and most inefficient housing stocks in the world", with almost 3/4 homes built before 1980.

New-build properties use significantly less energy, particularly high-spec new builds such as BTR and Co Living developments. Analysis of UK Gov data found that 85% of new-build properties were given an A or B EPC (Energy Performance Certificate) rating in 2022. This is one of the many reasons that these modern living options have become so attractive. They allow landlords to include bills and other amenities in the rent, or provide a modern living space where tenants use much less energy due to better quality building materials and new technology.

There is however, still more work to do. A variety of modern homes are needed in the UK to supply the increasing need, including modern rental provision which responds to consumer demands for attributes like bills included, whilst also delivering on quality, location and comfort.

Exploring the Benefits of Co Living

Mon, 13 Feb 2023 16:42:12 GMT

7 Key Benefits of Co Living

Co living is about community. It’s a rental housing option where residents have their own private studio or small apartment space to call their own, whilst having access to various shared areas such as kitchens, living and dining areas, as well as access to amenities such as gyms, outdoor areas, and often co working space. Properties vary in their offering depending on building size, location and local requirements however, there are common benefits with regards to the co living concept as a whole which we’re about to explore…

1. It Creates a Strong Sense of Community

Co living is about sharing spaces and living in a community with like-minded people. Shared spaces and amenities are a way of bringing people together and allow for natural conversations, bonding and the sharing of ideas. In a well-designed and carefully thought-out building with good management, communities not only form but they grow and flourish. Residents help each other and look out for each other, co living can bring out the best in people and encourages social interaction and kindness. It creates a sense of belonging, allows for freedom of expression, and fuels a desire to have fun.

2. High Quality & Modern Design

Co living developments boast contemporary design and are high spec with the latest technologies, stylish interiors and come fully furnished. Rooms, kitchens and dining spaces are equipped with everything required and amenity spaces offer additional areas to relax, socialise and get to know your neighbours. This has great appeal to renters seeking quality, ready to move in accommodation.

3. It’s Extremely Convenient

Buildings are purposefully well located for their proximity to city centres, local shops, amenities, and transport links. Having in-house facilities like a gym, fitness classes and spaces to work from all on your doorstep breaks down barriers like having to commute every day or pay for memberships. There is also convenience in not having to buy or move in furniture, allowing residents to save money for what matters.

4. It’s More Affordable Overall

Co living often has all or some bills included in the rent, simplifying the renting process, avoiding fluctuating costs for tenants. The bonus of free gym membership and use of co working facilities removes the additional costs that would otherwise be incurred from memberships or travel when living in more traditional housing. Savills reported in 2022 that co living is often 20% cheaper in terms of all-in cost of living in comparison to other private rental accommodation.

5. It Helps People Meet & Network

It is a common misconception that co living is “just for young people”. Co living has broad appeal and is suited to a variety of renters - from graduates and professionals to couples and newcomers to a city seeking to meet people and build a social circle. Demographics vary depending on the city and location however, recent market reports for London for example found the average age of a co living resident has gone up to 30.

Living in a community with like-minded people naturally allow friendships to form. Co living apartments have a diverse mix of people and cultures, allowing for engaging and interesting conversation and the sharing of ideas. The co working spaces facilitate and encourage collaboration and the sharing of skills which can help advance careers, set-up businesses and grow client bases. Co living buildings also host weekly social events and groups form such as running and walking clubs, and gaming nights.

Co living pro vides a solution to prevent urban loneliness often felt in cities by providing a community and lifestyle where people and their wellbeing come first.

6. It’s A Way to Live More Sustainably

Sharing is caring, and not just for each other but also the wider environment. The sharing of assets reduces over consumption and waste from energy and household items to food. Most co living developments are well located to city centres, transport and amenities meaning they are car-free and often have enough bike spaces available for every resident – having a positive impact on the environment. Co living takes up less land area compared to individual housing and can house many people within one building. Furthermore, co living buildings are modern and designed to be energy efficient, with the latest technologies and use of recycled, re-purposed or sustainable materials.

There is a clear demand to deliver more sustainable, future-proof buildings that have positive environmental attributes and benefits to the local community. This is a demand driven from all stakeholders in property development including the government, councils, developers, investors, construction companies, property technology companies, and the residents that will be living there.

7. Customer Service

Co living buildings are usually staffed 24/7, meaning your landlord is on hand to help with anything from a lost key to a blown lightbulb at any time. Gone are the days you need to wait weeks for a repair. With maintenance staff on site, most issues can be resolved in a matter of hours.

The staff team also put on weekly social events such as coffee mornings, yoga classes, Friday cocktails, and games nights to create the sense of community that co living is all about. Having that level of service and security is one of the many characteristics that sets co living apart and is a huge pull factor for prospective tenants.

Flexible Working Opens New Living Opportunities

Wed, 07 Dec 2022 10:23:39 GMT

UK employees are set for more flexible working rights.

New legislation will mean workers will no longer have to wait 26 weeks to seek flexible working schedules as set out under current laws. The Department for Business, Energy and Industrial Strategy (BEIS) said that under the new legislation, employees would be able to ask for flexible working from day one and employers will be legally required to discuss other options before rejecting a request.

Flexible working has continued in the UK after the workforce emerged from covid lockdowns during 2020 and 2021. Millions of people across the UK currently work flexibly, whether it be working from home, compressed hours, flexitime, part-time/term-time work or job-sharing.

Increased flexible working will also offer individuals, couples and families a wider scope of choice in terms of where they can live. Many may seek to live in alternative locations if they can either work from home or are only required to visit the office once or twice per week.

Paul Brundell, CEO at Kosy Living said:

“An increase in flexible working patterns particularly in homeworking will undoubtedly have an impact on where people choose to live. People will have more freedom to live the life they want, without the constraint of the daily commute. Those working in towns or rural areas that crave a new and exciting living environment may decide to move to the cities, and likewise those seeking a move away from busy city life may choose to live by the coast or in more rural locations."

He continued:

"It will open more living options for everyone, and co living and build-to-rent properties will be crucial in fulfilling demand, particularly as many also offer co working facilities.”

A 2020 study by Mashroom for example found that 60% of Londoners said they were reconsidering their living situation and looking for a better quality of life. Brighton and Hove was the most popular destination to move to, receiving 30% of the vote. In April 2022, Brighton also made The Sunday Times ‘Best Places To Live’ list.

Recent surveys including one by Royal London Group identified that most people view flexibility as an important or “non-negotiable” requirement when applying for a job. This along with a chronic shortage of workers since the covid pandemic, has forced companies to offer flexible working patterns if they want to recruit and retain staff.

The bill was introduced by Labour MP Yasmin Qureshi, who said:

“Offering flexibility to balance work and home life can be the key to ensuring progression in the labour market and to opening up employment and promotion opportunities for everyone regardless of their gender, age, disability or location.”

Kosy Living Wins BUILD Real Estate & Property Award

Tue, 22 Nov 2022 11:50:20 GMT

Kosy Living Scoops 'Best Co Living Scheme - Southeast England'

BUILD has revealed the winners of the 2022 Real Estate & Property Awards. Kosy Living's Brighton Co Living Village has been announced as the winner of the Best Co Living Scheme - Southeast England.

The 8th annual Real Estate & Property Awards showcased the rising, experienced and leading businesses in the real estate and property sectors.

"These enterprises have all been chosen for their fantastic efforts, various skills, and total dedication to their clients. With the problems that this industry has faced over the last couple of years, some have had to work extra hard to find their feet again – in order to continue helping others. These entities have done just that, and much more." (BUILD Magazine, 2022)

Kosy Co Living , part of the Kosy Living group, is delivering Brighton's first co living and co working urban village. Residents will get to enjoy the facilities and amenities across all three buildings which includes fitness and wellness suites, a mixed martial arts club, roof garden terraces and courtyards, co working facilities, gaming areas, dining options and more.

411 modern and fully furnished en-suite studio apartments will each have their own kitchenette, plus access to a co living kitchen, dining and social area which will be shared with others. All bills, wi-fi and use of the co working facilities is included in the monthly rent payment, offering a convenient and affordable living option which also provides an opportunity to live in a community.

BUILD Awards Coordinator, Holly Blackwood said:

“This programme has been a core component for BUILD Magazine . Showcasing these winners is a true pleasure and honour – we wish all of these businesses a great future ahead.”

Kosy Co Living Brings Forward Plans for Brighton Sky Towers

Fri, 04 Nov 2022 11:53:51 GMT

Co Living & Co Working development with top-floor sky bar & restaurant

The two neighbouring buildings will become an iconic landmark as Brighton’s tallest buildings with an abundance of features for residential, business, and public use. In addition to the Sky Towers, plans also include 20 affordable housing units.

Kosy Co Living will provide 432 studio apartments with co living and co working areas for residents . There will be an accessible top-storey restaurant and sky bar, providing uninterrupted sea and city views, plus two publicly accessible gardens located at ground level. In addition to this, there will be office space, studio/workshop space as well as an active public thoroughfare with shops and cafés.

The team are currently exploring various methods to make the scheme as environmentally friendly and sustainable as possible including the use of construction and demolition (C&D) materials and other recycled materials, as well as low-carbon and sophisticated IoT (Internet-of-Things) technologies to help reduce energy consumption and ensure the buildings operate to maximum efficiency.

Paul Brundell, Kosy Living CEO said:

“We are excited to bring forward our plans to transform and bring a new lease of life to a well-located area within Brighton which will be our second co-living and co-working scheme in the city.

Brighton is such a vibrant and exciting place to live and work, however there remains a shortfall of housing. Co Living is a great solution as it contributes to the local council’s housing supply targets. Our multi-use development will offer something for everyone whether it be a home, place to work, places to dine, enjoy the shops or relax and unwind in our green spaces.”

Initial images have been unveiled of what the Sky Towers will look like as Kosy Co Living seeks to deliver architecturally impressive structures to complement their status as the tallest buildings in the city.

UK BTR to Increase Fivefold by 2032

Tue, 25 Oct 2022 08:35:52 GMT

Build-To-Rent (BTR) Sector Only Set To Grow

Research by the British Property Federation (BPF) and Savills has determined that the number of built-to-rent homes in the UK could increase by fivefold in the next ten years to 380,000.

They have estimated that the sector will be worth £170 billion by 2032 and that 8% of UK homes for rent will be purpose-built.

The research has also predicted that by 2032, single-family homes will make up 18% of BTR stock in comparison to 12% in 2022.

Savills also reported that between June 2021 and June 2022, build-to-rent has been earmarked for an extra 29 local authorities which indicates that 45% of authorities have BTR in their development pipelines.

Increase in demand and lack of stock is keeping pressure on London rental values

Mon, 17 Oct 2022 13:08:40 GMT

London Spotlight | Increase in demand for rental and lack of stock

UK Rental

Rising rents is something that is visible across the UK. Property Mark reported recently that the average lettings agent is processing over 127 new applicants every month, and there is an average number of 11 properties available to rent per member branch.

London Rental

Increase in demand and lack of stock is keeping pressure on many cities, including London’s rental values. Savills has reported that prime rental prices in London and the commuter belt has lifted by 10.3% and 5.1% so far in 2022.

In comparison to 2019, the amount of supply available to rent In London was 33% less and 37% less in the commuter zones.

In August, in the commuter areas surrounding the capital, an average of 6 people were chasing a rental property. Savills also enrolled 60% more people looking to rent within an hour of London compared to 2019.

Jessica Tomlinson, research analyst at Savills said:

“Against an increasingly difficult economic backdrop, prime London rental growth has reached new highs. Intense competition to find somewhere to live in the capital – especially during a period of significant student demand – is outweighing the higher cost of living and concern over the UK economy, particularly given the acute shortage of stock.”

An increase of accidental landlords is expected; however supply shortages are predicted to continue in the rental market for some time.

Paul Brundell, Chief Executive Officer and Founder at Kosy Living said:

“The demand for rental properties in and around London is considerable. There are some fantastic opportunities for development in sought-after and up-and-coming locations within easy reach of central London. We, along with other developers, have the drive and capacity to respond to this demand. I hope that in addition to tackling the supply and demand gap and - alleviating soaring rent prices - councils can also recognise the huge socio-economic benefits Build to Rent and co living can bring to their communities. Co living in particular is designed to be a more affordable option, with bills and amenities included, plus all the benefits of living in a community.”

London Transport

Commuter zones are becoming increasingly attractive for people to live due to convenience, affordability and the appeal of living in more rural or sub-urban area, which offers an escape from the city, often with green spaces and charm.

Transport For London (TFL) reported recently that there are now around 5 million bus journeys per day during the week and ridership is now frequently 80-85% of pre-pandemic levels, with some routes in the outskirts of London back to normal. Also, weekday tube ridership has grown to around 70% of pre-pandemic levels, with passenger numbers on the Victoria, Northern, Jubilee and Central lines continuing to increase (Intelligent Transport, 2022).

The opening of the Elizabeth Line in May this year has been transformative for the city, improving transport links and shortening journey times. Mark Evers, Chief Customer Officer of TFL told Intelligent Transport that approximately 22 million journeys were made on the line within the first two months, and a recent YouGov poll found almost 24% of Londoners used the line during this period.

Paul Van Reyk, Chief Operating Officer at Kosy Living said:

“With better connectivity through the Elizabeth Line, improvements, and more frequent journeys with the DLR set from 2023, better transport is making commuter areas of London more and more appealing, yet there remains a shortfall of housing stock. There is a huge opportunity here to deliver rental properties in these prime commuter areas, with the transport links already in place.”

Mark Hughes appointed as Managing Director

Tue, 11 Oct 2022 08:49:51 GMT

Kosy Living Makes Key Senior Appointment

Kosy Living has announced Mark Hughes as its new Managing Director, making him responsible for leading the group in all sectors – BTR, co living, PBSA and later co living.

Mark has joined the company after eight years at Crosslane Residential Living, where he was Managing Director.

Mark will lead Kosy Living in the delivery of its residential developments and growing pipeline as it aims to secure 5000 beds by the end of 2023.

Kosy Living is set to deliver various developments across the UK with projects lined up in Brighton, Bath, Bristol, Cambridge, London, Surrey, Cardiff and more. This includes Brighton’s first co living urban village - with over 400 studios across three adjacent sites - and Bath’s first purpose-built co living scheme ideally located in the centre of the city.

Paul Brundell, CEO at Kosy Living said:

“We are delighted to have Mark on board at such an important time in this growth phase. He brings a wealth of knowledge and experience across the residential sectors and will be instrumental in the delivery of our schemes and growing our portfolio.”

Co-living can solve many of our housing problems

Wed, 05 Oct 2022 14:53:26 GMT

Later co-living rental concept could help free up housing, unlocking benefits to the housing market

Human beings’ urge to congregate, it would appear, is unshakeable. After two and a half years during which the Covid-19 pandemic and the restrictions demanded by government forced us apart, most people are desperate to spend time in person with family, friends and fellow citizens. That is evident in the way in which live events, theatres and cinemas have come roaring back after long periods of enforced closure. But it is also clear in the ongoing demand for co-living .

At Kosy Living, I’ll admit there were points in the pandemic when we wondered whether life would ever return to normal, but we kept the faith and ploughed ahead with assembling land and seeking and winning planning permission for our first raft of projects.

Indeed, our thinking as to which parts of society co-living is most appealing has evolved and expanded. Most obviously, co-living has a particular appeal to graduates. After all, those who have experienced the very best in purpose-built student accommodation (PBSA) while at university will find it difficult to adjust to what can often be poorly maintained and regulated housing in the wider private rented sector (PRS).

In contrast, co-living solutions are almost universally well-managed and thoughtfully designed. They also tend to include a host of amenities that typically are not available in the PRS. Given all of that, it may come as a surprise to some unfamiliar with the co-living sector that rents are generally highly competitive.

A recent study by Savills found that co-living rents, which tend to include energy costs and service charges, as well as access to facilities such as gyms and cinema rooms, compare favourably with the PRS once utilities and expenses such as gym memberships are taken into account. Often, co-living will come out the more affordable option.

At Kosy Living, certainly, our intention is to provide accommodation that will appeal to a range of budgets.

But it is not just about recent graduates. A recent report indicated that the average age of co-living tenants in London topped 30 for the first time . We believe that co-living has broad appeal for professionals, business start-ups and entrepreneurs who understand that mixing with a broad range of other talented people provides a petri dish of innovation. This is something that has been long understood in the flexible office sector but that we think applies equally to housing. In order to compound the effect, we typically include a substantial workspace offer in our designs.

We also want to dispel some of the myths that surround the target market for co-living. It is often assumed that the sector is the reserve of young people, but we know both anecdotally and from the data we hold that co-living has broad appeal. At the end of the day, the concept is about creating a rich sense of community – and that has appeal for every generation.

Inherent in that broad appeal is choice. In addition to generous storage compared to your typical PRS flat, all our studio apartments benefit from cooking facilities, so customers can choose to have a meal alone or with a partner if that is what they want to do. But the cooking facilities provided on every floor also allow residents to come together or indeed host family and friends. Sharing a meal or even just a pot of coffee or bottle of wine becomes natural. Communal spaces should be open and welcoming, enabling natural conversation, sharing and encompassing that strong community feel, but also with some nooks and crannies for people to break away for some personal space if they choose.

We also work hard to provide other opportunities for people to come together. At our co-living village in Brighton , for instance, we have a garden roof terrace, which will provide a convivial space for residents to relax, interact with each other and entertain friends and family. We are also dedicated to providing other, less defined social spaces. The whole point is to allow the community to live and breathe.

Of course, it is important to talk about a sense of community purely in terms of the net benefits that it provides. But it is also the case that fostering that inclusivity is vitally important in countering the ill-effects of the pandemic. Lockdowns were detrimental to most people’s mental health, but for those living alone they were particularly cruel. Providing a solution between privacy and community offers a lifeline. Everyone hopes never to have to experience a lockdown again. However, the co-living model is more than prepared and readily adaptable for this and can in fact tackle many of the issues that occurred previously, including alienation and loneliness.

Later-living model

This point was made all the more apparent to us by an email we received from a lady in her late 60s. She said that the loneliness of lockdown had hit her hard and that she desperately wanted a room in one of our developments. This got us thinking. Of course, she would be more than welcome in any of our projects, but we also realised that perhaps she and others would be happier in a development designed more around her age demographic. We had already researched the later-living concept that has experienced success in the US, Australia and parts of Europe. However, it has never quite taken off in the UK, where the lines are still very much blurred between later living and retirement homes. As a result, we have developed our own later co-living concept .

The key there is affordability, just as it is with developments aimed at younger people. Currently, there are some senior living schemes that operate using a rental model, but the vast majority are expensive – it is not unusual for a unit to cost £4,000 or more a month. Clearly, that is unaffordable to most people.

And yet, there is a potentially huge market out there. According to a recent report from JLL, by 2025 around 20% of the UK population will be aged over 65, representing some 14.3m people, most of whom are equity rich. At the same time, there is a chronic shortage of housing designed with their needs in mind.

What’s more, as things stand, the senior living market in the UK is immature relative to similar countries. Currently, just 0.6% of over-65s live in such accommodation in the UK, compared with more than 5% in Australia and the US . As a result, JLL estimates that there is a potential requirement for an additional 725,000 senior living units by 2025 , which would equate to nearly 50% of all new homes built at the current rate.

Of course, a cultural shift is required if we are to move to a position whereby it is normal for people to downsize to dedicated senior living housing. But the benefits of doing so are multiple. The fact is that we have a serious housing crisis in this country, with millions of young families unable to access appropriate housing. The RICS estimate that by providing viable, alternative residential accommodation for older households, it could release 2.6 million houses back into the mainstream housing market.

In such a situation, many people would no doubt choose to buy rather than rent an apartment, but when you stop to think about it, renting is an attractive option, especially if rents are both affordable and predictable. For instance, if an individual or couple decide to buy an annuity, they will have a dependable monthly income for the rest of their lives, a proportion of which can be set aside for housing costs.

That unlocks a quite eye-watering amount of money. According to JLL, the over-65s currently hold around £800bn of equity. By switching to a rental model, retirees can unlock the wealth they have accumulated and either reinvest it, fund the lifestyle they have always aspired to, start passing money to younger generations in a tax-efficient way or some combination of the above.

The point is that co-living and later co-living, when done thoughtfully and in a manner tailored to different demographics, can provide a solution to many of the most vexing problems facing the UK’s housing market.

At Kosy Living, we are just getting started – but the opportunities are effectively limitless.

Kosy Living Expand with New Senior Appointments

Thu, 29 Sep 2022 10:30:43 GMT

Kosy Living Expand with New Senior Appointments

Kosy Living has appointed two new senior staff members following a recent recruitment drive. Eve Thomson has joined the team as Head of Marketing and Adam Wilkinson as Head of Planning.

Thomson has joined the team from an award winning PBSA operator and has previously worked with some of the biggest names in the industry. She will be responsible for the brand and all marketing strategies, leading on advertising, online/digital and creative.

Wilkinson has worked across all sectors, including with various local authority departments and planning consultancies. He will support the business goals and work alongside the architects, leading and advising on planning strategies and seeing development plans through to fruition.

Paul Brundell, CEO at Kosy Living said:

“We are growing rapidly as a business and it’s a very exciting time for us. We’re thrilled to have all our new team members on board – both senior and the wider team – to help us progress and succeed in our endeavours as we continue to build our pipeline and property portfolio across all key resi sectors.”

Kosy Living has also recruited an in-house a 3D visualiser and architect and are expected to announce a further senior appointment before the end of the year.

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