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According to Forenom market research , low-cost project housing solutions are anticipated to increase substantially , primarily driven by planned major infrastructure , industrial , and energy projects . Home share will continue to grow at a moderate pace . Hotel chains have not yet introduced new extended stay portfolios on a large scale in the Nordics , but this is expected to change in the future .
Mark Houston
Charles Hope Living is a build-to-rent management ( BTR ) company with plenty of experience in the serviced apartment industry under our sister brand , Charles Hope Apartments .
We predominantly operate in multifamily properties ( those with different unit types ) in the BTR sector but there are other models in the alternative space such as HMO ’ s , co-living accommodation , PBSA ’ s ( purpose-built student accommodation ) and assisted or residential retirement living .
All sectors have seen increased demand because they provide complete and convenient solutions including furniture , fitness facilities , and communal areas . The increase in demand for BTR rentals has also been inflated by a higher percentage of private landlords now selling property , as inflated interest rates have made letting a property no longer profitable for many .
70 % of global institutional investors are forecast to become active in the suburban BTR market within the next five years ; a big increase on the current 42 %. 27 However , increased inflationary pressures on building materials , rising energy and borrowing costs are escalating the pressure on developers from investors to control costs whilst maintaining a healthy yield .
There are always opportunities for those looking to capitalise on the increased rental demands . The pipeline for 2023 in the BTR sector at the start of this year was over 113,000 homes ( including those in planning ) taking the total UK BTR stock to 242,500 homes . 28 This trend certainly outpaces growth in the private rental sector .
Ulrike Tognon
Co-living is quite new in Switzerland , and ARIV Coliving is a start-up based in Zurich with its first property in Basel . space and coworking . Our corporate guests are very mixed in age .
Our building in Basel is a former hotel with 150 studios and one bedroom units , although our next ARIV Coliving , which opens in Zug next year , will include two bedroom units . We accommodate short stays of between 1 to 29 nights , although our focus is on bookings of 30 nights and more . Our average stay is five months .
Community is an integral part of the ARIV Coliving concept . In Basel we have 1,500 square metres of communal space . There ’ s a coworking space where everyone can go . The space has a printer and private cabins to make calls . Switzerland is not a place where you meet people easily , so our communal spaces enable a sense of community .
Our average guest is aged in their early thirties ; they ’ re mainly corporate clients in a student or trainee programme , but sometimes managers too . We even have couples in their eighties living with us , while their own homes are renovated .
We also have families , although that ’ s not typical because we don ’ t have two bedrooms here . There will be more 2 bedroom units in Zug , allowing us to host more families there .
Looking ahead , I believe that co-living will grow because it focusses on the social aspects of a stay , especially when you retain some key private facilities .
“ We envision a convergence of different models , all anchored in the principles of community , flexibility , and enhanced lifestyle experiences .”
Co-living products usually target young people with lower budgets , who share kitchens or bathrooms or both . However , all ARIV units have private kitchens and bathrooms , which is essential for corporate clients , so we essentially offer a serviced apartment plus co-living
27 . https :// www . knightfrank . com / residential-investment-report 28 . https :// www . savills . co . uk / research _ articles / 229130 / 339547-0