A shift is taking place in Britain's housing market, with younger renters increasingly opting for multigenerational flatmates over traditional shared living arrangements.
The SpareRoom survey of over 3,500 flatmates reveals that those aged under-35 are now making up just 26% of the market, a decline from 32% five years ago. In contrast, renters aged 45 and above have seen their share increase to 16%, up from 10% in 2015.
The rise of multigenerational households is also on the rise, with nearly two-fifths of respondents stating that they live in a house where there is an age difference of at least 20 years between the oldest and youngest adult. One notable example is Nicola Whyte, who has been living with her flatmates for 16 years, despite initially not imagining it would happen.
Whyte, now 45, credits the reasonable rent and close proximity to work as reasons why she's remained in her house share. However, others have found unexpected friendships within their shared living arrangements. Thea May, 29, found a compatible match with her elderly housemate Paul Williams after posting on Facebook for someone looking for a flatmate.
The trend towards multigenerational sharing is thought to be driven by fewer young people leaving home and rising housing costs, which have priced out many from homeownership. Experts claim that this shift in demographics could have significant implications if not addressed.
With the proportion of 65-year-olds living with lodgers more than tripling over the past decade, experts argue it's only a matter of time before homelessness among older generations becomes a major issue. Housing charities warn of increasing numbers of single older people being forced into house shares as they enter retirement.
While some see this trend as an opportunity for companionship and social interaction, others raise concerns about potential conflicts between flatmates from different age groups. However, many have reported positive experiences with their intergenerational household dynamics, highlighting the benefits of shared living arrangements beyond age alone.
The SpareRoom survey of over 3,500 flatmates reveals that those aged under-35 are now making up just 26% of the market, a decline from 32% five years ago. In contrast, renters aged 45 and above have seen their share increase to 16%, up from 10% in 2015.
The rise of multigenerational households is also on the rise, with nearly two-fifths of respondents stating that they live in a house where there is an age difference of at least 20 years between the oldest and youngest adult. One notable example is Nicola Whyte, who has been living with her flatmates for 16 years, despite initially not imagining it would happen.
Whyte, now 45, credits the reasonable rent and close proximity to work as reasons why she's remained in her house share. However, others have found unexpected friendships within their shared living arrangements. Thea May, 29, found a compatible match with her elderly housemate Paul Williams after posting on Facebook for someone looking for a flatmate.
The trend towards multigenerational sharing is thought to be driven by fewer young people leaving home and rising housing costs, which have priced out many from homeownership. Experts claim that this shift in demographics could have significant implications if not addressed.
With the proportion of 65-year-olds living with lodgers more than tripling over the past decade, experts argue it's only a matter of time before homelessness among older generations becomes a major issue. Housing charities warn of increasing numbers of single older people being forced into house shares as they enter retirement.
While some see this trend as an opportunity for companionship and social interaction, others raise concerns about potential conflicts between flatmates from different age groups. However, many have reported positive experiences with their intergenerational household dynamics, highlighting the benefits of shared living arrangements beyond age alone.