Professional Property Managers in Diss

To Share or Not to Share – That is the Question Long gone are the days of the 1960’s where people left school, got a job and moved into their own home before the age of 20. This is reflected by the fact that homeownership has seen a steady decline since 2003 from 70.9% down to 63% in 2018. Could it be just mere coincidence that this decline has overlapped with the increase in the private rental market? Unfortunately, the rental market has also seen a huge increase in rent values, with the average rent in the UK at £997 per month (which is up 4% on last year). This means that as well as being priced out of the homeowner market, some people are even finding themselves priced out of renting. With mortgages being a far-off dream for many, and renting becoming uneconomical, the prospect of house-sharing is growing in popularity for many professionals, as a way of being able to save for a house deposit whilst maintaining independence. So, what is professional shared accommodation? It is a house with multiple rooms which are let to people of all ages who are employed in a variety of professions. There may be communal living areas, such as kitchen and living room, which are shared by all the housemates. Living with other people is a major decision that needs careful consideration, but the benefits certainly outweigh any negatives.