Sharing a flat is the only way in which some people can afford to live in the cosmopolitan cities and as they cannot afford to buy or even rent a property on their own they team up with someone else in the same situation and flatshare. The property type that makes up a flatshare accommodation is where each person who will live their has a private bedroom but communal areas such as a living room, toilet and kitchen, not forgetting a garden or terrace where possible, and living and sharing the space.

The benefits of any flatshare system is that the cost of the property is spread out across all tenants and this can reduce the total cost enormously. Where on your own you would spend a high amount of the rent alone by living with someone else in a flatshare situation you will have more money to spend and as most flatshare properties are in safe areas you will have access to all local amenities and facilities and quite probably not be too far from a bus or train station.

When you are in a flatshare environment you will get to know the other tenants and make firm friendships and improve your social skills. Many of the people who flatshare become long term friends with the people they lived with and they say that this far outweighs all the financial advantages.

Many flatshare companies or residential associations will ensure that only suitable and well behaved tenants can be housed in their accommodation and will keep strict control over vetting applications so that you can have piece of mind about your fellow tenants.

There are risks to any type of flatshare arrangement but a good company will insist on references and a background check on people so that they are the right sort of person to live in their homes. Also as many flatshare agencies would require a deposit before moving in, this ensures that the potential tenant must behave in order to get any money back.

Consider a flatshare scheme if you want to live in a big city.