Faced with the sharp rise in real estate prices, more and more Portuguese are looking for alternatives, and one of the concepts that has generated the most debate and interest is coliving, a new housing and social philosophy.
The concept of coliving is a new approach to life in big cities, a housing model that encourages sharing a home, even with people you don't know. This concept arose from the need to combat the lack of housing, especially for young people at the beginning of their careers and digital nomads, who are attracted to this type of accommodation as it does not require high costs or contractual obligations.
According to a study by the consulting firm JLL, Lisbon and Porto are the European cities with the greatest potential for spreading the concept. According to the study, it is estimated that the potential demand for this type of housing could reach between 16,000 and 18,000 beds in Lisbon and Porto, “i.e., more than 25 times the current pipeline,” which includes 50 beds in operation.
What are the benefits?
Coliving allows for great adaptability to large cities, as well as greater and better socialization, while promoting a sense of community and contributing to financial savings, since costs are shared by all cohabitants.
This new housing paradigm is beginning to influence young people's choices, especially given the high prices in the rental market. The social aspect, as well as the flexibility associated with this concept, gives those who opt for coliving another way to better organize their professional lives.
Coliving is also contributing to a new urban map, transforming cities into voluntary centers of attraction to fill the gap left by the lack of rental properties. It also functions as a very viable alternative and complement to the traditional real estate market.
Is this trend here to stay?
Everything indicates that coliving is here to stay, since most young people are unable to buy a home at the beginning of their professional lives.
The offer provided by this new concept is also ideal for freelancers or digital nomads, as they can have a shared space without having to take out a mortgage.
Source: https://supercasa.pt/