Skip to main content
Part of complete coverage on

When flatsharing is the only option

By David Brandt and Ivana Kottasova, CNN
updated 7:07 AM EDT, Thu April 17, 2014
Monte Carlo, Monaco, is the most expensive city in the world to rent an apartment, according to Global Property Guide. The average rent there, in U.S. dollars, is $10,099 a month for an apartment that is 120 square meters (about 1,292 square feet). Click through the gallery to see other expensive locations on the list. Monte Carlo, Monaco, is the most expensive city in the world to rent an apartment, according to Global Property Guide. The average rent there, in U.S. dollars, is $10,099 a month for an apartment that is 120 square meters (about 1,292 square feet). Click through the gallery to see other expensive locations on the list.
HIDE CAPTION
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
World's most expensive places to rent
<<
<
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
>
>>
STORY HIGHLIGHTS
  • 15% of people living in London share their homes with people they are not related to
  • With higher rents in many cities, people who are 40 and more are forced to share

(CNN) -- Paul Bailey shares his London home with two strangers, Alejandro and Fernando.

More than a million people in the British capital now live in flatshares. And while this kind of living arrangement used to be associated with students and youthful television sitcoms, more and more mature people find themselves living with strangers.

Like Bailey, who is 43.

"What we are seeing now more than ever is an increase in the amount of people over 40 looking for flatshares," Matt Hutchkinson from flatmate-finding service Spareroom said.

Rising rents prompts roommate search

"At the moment, one in eight people in flatshares is over 40 and that's a real shift from three to

four years ago," he says.

Bailey was forced to find flatmates after separating from his partner of 15 years.

"It was a fleeting thought that 'oh my god' I'm going to have to do it again. I'm 43 years old," he said. "The last time I lived with someone was in my 20s -- how is this going to work?"

With rents in London reaching the double of the national average, sharing is often the only option.

UK Census figures show that 15% of people living in London share their homes with people they are not related to.

In the U.S., the numbers are also rising. The number of shared households involving flatmates who are neither related to each other nor a couple grew by one fifth in the decade between 2000 and 2010, according to the U.S. census.

In New York City alone, the number of flats shared by strangers reached 200,000 in 2011.

Websites helping people find their ideal flatmates, such as Spareroom, Flatshare and Roombuddies are booming. Spareroom says it saw a 20% increase in the number of people looking for roommates in January compared to last year.

In New York City, 2,500 room offers in shared properties were posted on advertising site Craigslist in the first four days of April.

As for Paul Bailey, he seems to be happy with his new living arrangements.

"It's been three, four months and it's been brilliant. I come home and see the little light on and go 'yay', I've got someone at home, I have someone to talk to," he said.

ADVERTISEMENT
Part of complete coverage on
updated 4:04 AM EDT, Thu October 9, 2014
Liberia, Sierra Leone and Guinea -- the three countries facing the biggest health crisis -- are also facing huge bills to try and contain the virus.
updated 9:16 AM EDT, Mon September 22, 2014
Twitter has lost its position in the top 20 coolest brands for the first time in three years.
updated 11:54 AM EDT, Thu September 25, 2014
As the crisis in Iraq escalates, CNN looks at how Iraq could crack down on ISIS' oil riches under the guidance of its new oil minister, Adel Abdul Mahdi.
updated 4:42 AM EDT, Fri August 29, 2014
Recep Tayyip Erdogan is Turkey's new president . So can he revitalize its economic fortunes?
updated 1:24 PM EDT, Fri September 19, 2014
Experts share their tips on cities they see as emerging financial hubs...they're not where you think.
updated 11:11 AM EDT, Thu October 9, 2014
Growing numbers of us are willing to serve as bank, teacher or travel agent to people we have never met, and entrust them to serve us in turn.
updated 8:44 AM EDT, Thu August 28, 2014
The European Union is stepping in to save its dairy from going sour.
updated 8:36 AM EDT, Mon August 18, 2014
Europe's deteriorating relationship with Russia has hit the region's growth, even before new food sanctions begin to bite.
updated 12:34 PM EDT, Wed July 16, 2014
With cyberattacks on the rise and here to stay, it's a modern-day challenge for people and businesses to get smarter about preventing them.
updated 9:24 AM EDT, Thu August 14, 2014
Airstrikes, rebels seizing control of oil fields, plus a severe refugee crisis are a recipe for market panic. So why are Iraq oil prices stable?
updated 7:24 AM EDT, Fri September 19, 2014
Peer-to-peer finance lets businesses bypass bank loans. Creative companies with quirky ideas find new lending models advantageous.
updated 11:24 AM EDT, Sun July 20, 2014
Evidence points to pro-Russian separatists as perpetrators of the attack and Vladimir Putin is facing questions, David Clark writes.
updated 5:52 AM EDT, Wed September 3, 2014
CNN's Jim Boulden looks on the future of online shopping.
updated 10:40 AM EDT, Tue August 5, 2014
The biggest Ebola outbreak in history is taking its toll in Western Africa, hitting some of West Africa's most vulnerable economies.
ADVERTISEMENT