Flat Shares

Flat shares are a type of living arrangement where a group of people live together in a flat, often with the purpose of cutting the cost of living. The number of people in a group who typically occupy flat shares is typically less than would be found in a house share as flats are usually significantly smaller than houses, although in some instances a flat share may take place in a large building that can house a large group of people.

Although flat shares are typically associated with student accommodation more and more people are opting to live in flat shares, particularly due to the current financial climate and the increased cost of living that many people are experiencing as a result. Flat shares obvious reduce the cost of rent as the more people that are living in a flat then the less the rent will be for the individual, however the same also applies to utility bills. People will often notice that the cost of their individual energy bill when the total bill is split between a group of people is significantly less than if they were living on their own. This reduced cost of living is one of the reasons that flat shares are such a popular living arrangement, especially with people who are living on a budget or lower income, such as students.

Flat shares are also common in cities, for example London, where the cost of living is significantly higher than in other areas of the country. Many people who wish to live in the centre of a city like London may find that their only viable option is to live in flat shares due to the very high cost of living. However flat shares are also popular outside of cities too and are frequently found in close proximity to a university, for obvious reasons.

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