Flatshare rents come down as tenants struggle with costs
Flatsharing rents have fallen this year for the first time. The average flatsharer in the UK now pays £375 a month, down from a record peak of £380 in the summer.
Overall the average rent has increased by 2% since the beginning of the year, and there has been an increase of 4% in 12 months.
Jonathan Moore, Easyroommate director, said: “With rents in the remainder of the private rental sector continuing to rise and the economy still in the early recovery stages, more and more people are choosing to flatshare.
“At Easyroommate we have witnessed a gradual but marked increase in the number of people using our services since the beginning of the year. The number is continuing to grow even after the peak student period has come to an end.
“The flatsharing industry is extremely consistent, as the private rental sector reports more and more increases to the average rent. Flatsharing asking prices change on average every three months.
“This stability is beneficial to tenants as it lessens concerns about rental hikes, and it means that flatsharing is consistently the most cost-effective option for both students, professionals and those searching for cheaper accommodation alternatives.”