An estimated 11.5% of people in shared living properties are aged over 40 and that Southampton is the UK’s over-40 shared living hotspot, according to COHO.
Southampton has 20.2% of all people aged 40+ living in shared accommodation. Across the UK 55.7% describe themselves as male and 44.1% female.
Vann Vogstad, COHO Founder and CEO, said: “Modern co-living is a world apart from what it used to be. For decades, HMOs have been associated with young people who are looking for an affordable home while they find their way in the world, or those who simply can’t let go of the hedonistic days of university. Today, this simply isn’t true.
“Co-living has evolved into a lifestyle choice rather than an economic necessity, and we’re seeing more and more people in their 30s, 40s, and even 50s actively choosing to live with housemates.”
The second largest proportion of over 40s living in shared accommodation are located in London (19.8%), followed by Leeds (4.9%), Manchester (4.5%), Portsmouth (4.1%), Coventry (3.5%), Birmingham (3.1%), Plymouth (3.1%), Reading (2.9%), and Oxford (2.7%).
