After some extensive research where over 10,000 people of different ages were surveyed, it has been determined that no longer are young singles and college age students the only age group that are looking for shared flats to rent. Now one of the biggest age groups that is looking for flats to rent in London includes older and retired people.

It is true, and there are a variety of reasons for why it is happening, with the first being that owning your own place is becoming less and less popular given that people get tired of spending the money on maintaining it, along with not wanting to foot the high tax bill that is encountered with them. Another reason why older adults are turning to shared flats to rent in London is the cost of living is increasing at an alarming rate. So alarming that when they look into renting on their own, there is simply no way they can make the payments themselves, so they look into flats to rent in London, or wherever else they may want to live.

Flats to rent in London – Are they affordable?

What is interesting about this new trend in finding flats to rent in London is that older adults are actually renting these flats much like college age kids do. For instance, instead of just living with one roommate, older adults are actually moving in with three, even four people to help offset the amount of rent. It is actually a pretty intelligent thing to do if you really look at it due to the fact people can use the money they save on rent to pay for other things that they may need or want, like groceries, medical, entertainment and so on. Along with cutting down on costs, finding flats to rent with others also allows people a lot of flexibility, such as being able to move on short notice, provided that the flat is not rented under your name.

An easy way to find flatmates who are older is to post an ad online and specify your age requirements. When you find a great, affordable place to live, you will be glad that you did.