Flat Share Market Thriving

As more people fall behind with their mortgages in the UK we have seen a significant increase in the number of rental agreements and flat sharing arrangements. Speaking at today's affiliate conference, Simon Spicer from leading flat share website Roombuddies.com said:



"Flat sharing is one obvious way in which people can save money. We've seen some significant uplift over recent months as homeowners look to generate extra income from spare rooms and as others in the rental market look to economise their living spaces. Landlords are also extremely keen to fill their empty rooms."



Other big business websites may be set to capitalise on this trend, as we see the emergence of white label flat share products; most notably roombuddies.com's own www.whitelabelflatshare.co.uk. The hoped-for increase in flat share and house share web destinations over coming months could give both landlords and tenants more exposure and more choice. Mr. Spicer summarised:



"The idea is to help existing businesses by offering them their own flat-share or house-share website, thereby giving them a new source of income and access to this growing market."



As many experts believe the property market in the UK will take some time to recover there is a feeling that the rental market will be the more stable of the sub-property markets in the UK and indeed it is already attracting the attention of investors, opening significant income streams for the foreseeable future.