I have had a version of the same conversation on almost every call this month. A developer, a fund, a founder, and sometimes a journalist. They ask, in slightly different words, whether coliving is working.
It is the wrong question, and I have started saying so out loud.
Coliving is not one thing having one outcome. In the last six months I have watched Goldman Sachs buy an operator outright; watched the most famous brand this industry ever produced die quietly after nobody would buy it; watched a government in the Gulf write shared housing into law; and watched London consent to more coliving units than it currently operates and then build almost none of them. Those four things happened inside the same asset class, in the same half year.
So instead of a verdict, here is the honest split. What is genuinely working right now and what is quietly broken. I have pulled it from six months of news, and every source is linked at the bottom so you can disagree with me properly. If you want to chat about anything and everything coliving.
Start with the part nobody disputes
The demand is real, and it is getting worse, which is not the same as saying the businesses work.
European renters now spend an average of 31.9% of income on housing, and roughly 30% of European cities sit above the 40% housing overburden threshold. In Australia, the share of median household income needed to pay rent on a new lease hit an all-time high of 33% this year, the highest the National Housing Supply and Affordability Council has ever recorded. Savills puts the likely target market for coliving in London at 640,000 people. London has around 7,000 operational beds.
India is the extreme version. Colliers puts current demand at 6.6 million beds against roughly 300,000 in organized supply, rising to 9.1 million by 2030. That is not a gap. That is a canyon.
I want to be precise about what this proves, because the industry keeps over-reading it. Every operator that has failed in the last decade had tenants. The Collective was full. Common was full. Quarters were full. Demand has never once been the failure point. It is a necessary condition and it is nowhere near a sufficient one.
If your investment memo leads with the affordability crisis, you have not said anything yet.
The money did not leave. It moved to the back of the curve.
This is the single most useful thing I learned in six months of reading deal news, and it took me until August to see it clearly.
In March, Goldman Sachs completed its acquisition of Urban Campus, the Madrid-headquartered coliving and BTR operator. Not a minority stake. Not a JV. An acquisition by one of the most careful institutions on earth. In June, Greystar closed the largest pan-European residential fund in history at €2.7 billion of commitments, roughly €6.8 billion of capacity with leverage. In April, Investec’s Future Living 4 found that 40% of UK living sector investors plan to raise their coliving allocation over the next twelve months.
Then look at what those buyers actually touched.
On 6 August, Meridia bought a 977-unit flex living asset in Carabanchel, Madrid, from the Bain Capital, Momentum REIM, and Episode joint venture. The building had been open since April 2025. Stabilized. Award-winning. Episode stayed on as operator. On 19 August, DFI forward funded a 200-bed scheme in Kingston upon Thames at £80 million gross development value, off-market, on a site that already had full planning and Gateway 2 approval banked.
Neither buyer took planning risk. Neither took lease-up risk. One took construction risk on a consent that had already cleared the two things that kill UK schemes.
Across Europe the pattern is in the numbers. JLL recorded €62.2 billion of EMEA living transactions in 2025, up 22%, with deals above €500 million up 118% and entity-level deals up 168%, while forward and development investment fell 22%. Capital is consolidating income. It is walking away from the front of the curve.
So if you are raising right now, the shape of the story matters more than the size of the vision. Show the stabilised handover. Show the operating contract you keep after the sale. The Bain, Momentum and Episode cycle is the template worth copying, and Episode is the party I would want to be. They gave up the building and kept the annuity.
Spain is the market I would study if I could only study one
I have spent a lot of time in Spain over the last two years, as media partner at SIMA and working with operators on the ground, and I will say this plainly. Spain has moved past the hype stage into repeatable transactions with a proven exit. That is rarer than the headlines suggest.
SIMA Madrid gave flex living its own dedicated space this year, which sounds like a conference detail and is not. For a decade we argued this product deserved its own room rather than a corner of the BTR track. Colliers’ Q1 snapshot showed international capital at 54% of Spanish living activity against 46% domestic, with funds making up 56% of buyers.
Underneath that, the supply side kept moving. GMP, a pure Madrid office landlord, launched a coliving brand called Truliving with a 724-unit pipeline. Argis converted the old Metro de Madrid headquarters into 179 studios. Stoneweg and BGO put €500 million behind a Spanish flex living platform and launched the Welco Living brand in June, seeded with a 583-unit asset in Valdebebas. Patron put its 1,400-bed Vandor platform on the block at around €400 million, which is the first real exit test this sector has run in Europe.
An office landlord rotating into coliving at scale is a stronger signal than any fund announcement. Office landlords are not romantics. They are looking at a rent roll.
And then there is Barcelona, forty-five minutes away by plane, doing the exact opposite. I will come back to that.
Density is working. Geography is not.
Singapore is the cleanest working template in the world right now, and the reason is boring.
Coliwoo was running 3,568 rooms across 28 locations at 97.0% occupancy as at the end of March. The top five Singapore operators hold 65.3% of the market. Transactions have passed S$1.4 billion since 2022. JLL research this year found 65% of investors now describe Singapore coliving as stable rather than speculative, a full reversal from 2023 when 73% of the same cohort called it high risk.
Now put that against Common, which had 5,200 units across 12 US cities and is gone. Or The Collective, which finally collapsed in March after failing to find a buyer, holding 1,475 operational rooms against a stated 9,000-room pipeline.
The rule is not complicated, and this industry keeps breaking it anyway. Staffing, maintenance and community management costs are incurred per building and per city, not per bed. Growth by adding beds in a city you already run can work. Growth by adding cities almost never does. Every operator on the failure list scaled the wrong axis.
When I ran Simply Guest, 500 units across 17 locations, all of it was inside one Indian city. That was not strategy at first. It was a constraint. It turned out to be the only reason the numbers held, because one supervisor could cover four buildings in an afternoon and one maintenance crew served all of them. The day I would have opened in a second city, every one of those costs would have doubled while revenue grew by one building.
Governments started writing us into law, and mostly in our favour
In the last month alone, four governments moved.
Dubai’s Law No. 4 of 2026 came into force on 26 August, with a one year compliance window, fines up to Dh1 million, and, more importantly, a shared housing rent index being built by the Land Department. That index is the quiet headline. You cannot underwrite what you cannot benchmark. From next year, the Gulf can.
Saudi Arabia published a licensing framework for collective worker housing, with a mandate reaching every employer with 20 or more staff. By bed count that is the largest thing that happened to shared living anywhere this year, and our industry will mostly ignore it because it is not design led and does not photograph well. If your definition of coliving cannot hold several million workers moving into licensed, standardised, professionally managed shared accommodation, your definition is too small.
In the United States, states have been quietly deleting occupancy caps. Iowa went first. Golden Girls laws have passed in Oregon, Colorado, Washington and Hawaii. Texas passed a college town version. Seattle and Minneapolis wrote coliving into their zoning codes, and Austin removed its cap on unrelated roommates entirely. There is now a National Co-Living Association pushing for more.
And on 20 August, Singapore put a coliving pilot inside its national youth plan. Two operators, just over a hundred discounted rooms, from SGD 1,800, leases as short as a month. The scale is a rounding error next to Coliwoo alone. The signal is enormous. A government told its young citizens that renting a room in a professionally run shared building is a legitimate stage of life rather than a failure to buy a flat.
Australia belongs in this list too. New South Wales built a clear planning pathway through the Housing SEPP, and the result is that more than 90% of Australia’s completed coliving schemes are in Sydney. Knight Frank found the average scheme size climbing from 37 units completed to 130 units in planning. Planning clarity does not create demand. It does decide where demand gets housed.
The cheapest growth in the sector this year cost nothing but an API
In June, PadSplit listed more than a thousand rooms on Furnished Finder and became its first API integration partner, opening access across 18 US states.
Almost nobody wrote about it. I think it was the smartest strategic move made in coliving all year.
Customer acquisition in this industry is brutal and gets worse with every new market. The standard answer is to spend more. PadSplit’s answer was to plug into demand somebody else had already aggregated. Furnished Finder’s audience is travelling nurses, contractors and mid term renters looking for an affordable furnished room for 30 to 180 days. That is the same person.
Distribution by interoperability beats distribution by marketing. It is faster, cheaper and structurally harder to compete away. We built BookMyColiving on exactly this belief, that if we can cut acquisition cost for operators they reach profitability faster, and it is why we keep saying yes to integration conversations that produce no revenue for us.
The other distribution shift is one I did not expect. Three of the inbound enquiries that reached me this year came from people who asked an LLM to rank coliving operators or advisors and found us in the answer. Nobody in this industry is optimising for that yet. In eighteen months it will be a line item.
Now the part that is not working. Consent is not a pipeline.
London consented 5,845 coliving units in 2025, nearly double 2024. It felt like the market had arrived. I said as much in this newsletter.
Here is what actually happened. Savills data shows London coliving starts down roughly 85% from their Q4 2023 peak, with just over 16,000 consented units not yet on site as of July 2026. London has around 7,000 operational beds. So the city has consented more than twice its entire operational stock and then not built it.
That is not a planning problem. It is a viability problem. Land price, build cost, funding cost, payment in lieu. And the Draft London Plan published on 16 July does not touch any of it. It removes Policy H16, the dedicated coliving policy, and disperses the requirements across HN3, HN5 and HN9. Moving the words from one policy number to another does not change a line in a development appraisal.
The line that does matter, and that almost nobody has highlighted: boroughs received PBSA targets totalling 31,549 units. Coliving received none. Targets pull product through a planning system. Guidance does not. If you develop in London, that asymmetry is the most consequential sentence in the document, and it is still a draft, which means it is still arguable. The consultation is open this autumn.
The premium that disappears somewhere between the brochure and the bank
This is the uncomfortable one, and it is the reason I keep pushing back on pitch decks.
Build to rent achieves 6 to 7% yield on cost against 4.5 to 5.5% for traditional multifamily. It does that on a 35 to 40% operating expense ratio and average tenancies around 24 months. Coliving has the exact inverse operating profile. Higher staffing intensity, bundled services, shorter stays, higher churn, higher re letting cost.
Which means the headline rent premium per square metre can be entirely consumed before it reaches net operating income. The premium is often compensation for cost, not evidence of a better return.
I learned this the hard way rather than from a report. On master leases, the gap between gross rent per bed and what actually landed in the account was where the whole business lived or died. A tenant who stays four months instead of ten does not cost you one sixth of a year of rent. They cost you a void, a deep clean, a re list, a viewing cycle and a discount, and they do it two and a half times more often.
And here is the thing that should bother all of us more than it does. JLL’s EMEA living analysis contains no standalone coliving volume, yield or performance series. Coliving sits inside the living umbrella with BTR, PBSA, multifamily and care. Every time we quote the institutionalisation of living as evidence that coliving has been institutionalised, we are borrowing somebody else’s numbers.
We do not have our own. That is on us, not on JLL.
If you take one operational instruction from this edition: insist your premium is demonstrated net, on NOI, not gross on rent per square metre. If it cannot survive that, it was never a premium.
We are still converting when we should be adding
Barcelona is the warning and it deserves to be read carefully rather than dismissed as anti business politics.
Company managed colivings in Barcelona rose 900% in five years. Over a thousand people gathered in the city this spring demanding housing policy action, with coliving named explicitly. The city’s business association pushed the council to bring forward the planning rule that would prohibit coliving conversions. Tenant unions went after specific operators to recover specific rooms.
The problem was never coliving. The problem is a segment of operators converting long term residential apartments into higher turnover, higher margin units, in a city where rent has been climbing relentlessly. That removes housing stock. It is politically explosive and it should be.
Madrid, meanwhile, is opening industrial zones to flex living and aparthotels, and a Madrid office landlord just launched a coliving brand. Same country. Opposite direction. The difference is that Madrid’s growth is mostly new supply and Barcelona’s was mostly conversion.
The only defensible model in a city with an acute housing shortage is one that adds to supply rather than converting it. If your growth plan in a tight market is conversion, you are not building a business. You are building a regulatory event with a delayed fuse.
The uneven politics extend everywhere. Connecticut’s Golden Girls bill cleared the Senate 29 to 7 in April, then failed to get a House vote three weeks later and died, while the same legislature advanced a separate bill restricting how utility costs are allocated between tenants. One bill helping shared living, one hurting its unit economics, same building, same month. And in April the Tenth Circuit upheld Shawnee, Kansas’s ordinance limiting unrelated occupants to three, holding that Belle Terre remains good law.
Underwrite city by city. Country level regulatory assumptions will burn you.
India is where the word is doing the most damage
I have been saying this for years and the last six months made it sharper.
Stanza Living raised $32 million from Accel and Motilal Oswal at a $320 million valuation, a 28% down round. The headline everyone ran was the haircut. The number that actually matters is that Stanza operates more than 70,000 beds across 450 plus residences in 24 cities. That is a real business at real scale, being repriced by a market that had priced the story rather than the operations.
Underneath the branded operators, nothing has changed. In Gurugram this summer, the town planning department sealed guest houses and PGs operating from residential plots in breach of zoning, and residents were told to vacate. Bengaluru’s civic body has been reviewing PG registration rules because only a fraction of the city’s PGs are registered at all. Karnataka is one of the very few states with dedicated PG rules, which tells you how thin the regulatory floor is everywhere else.
Meanwhile BTR is routinely marketed here as coliving, and PG is routinely called coliving, and coliving is used to mean whatever the brochure needs it to mean that week.
That confusion is not harmless. Regulation will arrive in India, and when it does it will be drafted by people who have never operated a bed, using whatever definitions are lying around. Every conversation I have had this year with Indian developers, including one working on a redevelopment in Mumbai with genuinely hospitality grade common areas, has come back to the same question: what is this thing actually called, and what does the buyer think they are buying.
Fix the definitions now, while it is still cheap. Dubai and Riyadh are India’s leading indicators, not London.
What I got wrong
I keep score in public now, because editorial credibility is the only asset this newsletter has.
I called London’s consent pipeline healthy. It is not a pipeline. Consents are not starts, and starts are down 85% from peak. I should have drawn that line at least a year earlier, and if you made a land decision partly on my read, that one is on me.
I badly underweighted US state legislatures. I have spent two years writing about capital and planning while six states quietly rewrote occupancy law and a trade association formed to push for more. That is a structural change to the largest housing market on earth and I treated it as a footnote.
And I was slow on operations tooling. When I built JumboTiger, compliance reporting was the module nobody wanted to pay for. Everyone wanted the booking engine. In Dubai it just became the module you cannot open the doors without. I should have argued harder for it when I had the chance.
What I would actually do on Monday
If you operate, stop optimising the story and start optimising the appraisal. Know your opex ratio, your true average length of stay, and your net premium over the local one bed. If you cannot produce those three numbers by Friday, that is the whole project this quarter.
If you develop in London, consent is no longer a differentiator. There are 16,000 units nobody has built. Respond to the Draft London Plan consultation and argue the PBSA target asymmetry while it is still a draft.
If you are raising, build the pitch around the stabilised handover and the operating contract you keep after the exit. That is the shape capital bought twice in August.
If you are growing, add beds where you already are before you add a city. The failure record on this is unanimous.
And if you operate anywhere in the Gulf, the compliance clock has already started.
None of that is glamorous. Nobody puts an opex ratio on a mood board. But the operators who come through the next twenty four months well will not be the ones with the best community programming. They will be the ones who can produce a registered contract, a permit, a clean occupancy record and an honest P&L on the day somebody asks.
That is a boring sentence. It is also the whole game now.
See you next month.
Mayank
Everything Coliving. 12 years in the industry, worked with 100+ coliving and proptech brands, operators in 14+ countries. If something in here is wrong, tell me and I will correct it in the next edition with your name on it.
SOURCES
Everything above is drawn from primary documents, company announcements and named trade reporting published between March and August 2026, unless dated otherwise.
Demand and affordability
INTRIC Research, “Co-Living in 2026: Proven Demand, Fragile Operations, and a Premium That Vanishes Net of Cost,” July 2026. Source for the 31.9% European rent to income figure, the 40% overburden threshold, and the BTR versus coliving opex comparison. https://intricglobal.com/en/insights/articles/co-living-flexible-living-2026
National Housing Supply and Affordability Council, State of the Housing System 2026, April 2026. Source for the record 33% rent to income share in Australia. https://nhsac.gov.au/news/state-housing-system-2026
Savills, “Towards a new London Plan: co-living’s important role in meeting the capital’s housing needs.” Source for the 640,000 London target market figure. https://www.savills.co.uk/blog/article/377587/residential-property/towards-a-new-london-plan--co-living-s-important-role-in-meeting-the-capital-s-housing-needs.aspx
Colliers India, “Co-living segment gains traction in India; inventory to reach approximately 1 million beds by 2030.” Source for 6.6 million current bed demand, 9.1 million by 2030, and 0.3 million organised supply. https://www.colliers.com/en-in/news/press-release-coliving-segment-in-india
Capital and transactions
CoStar, “Goldman Sachs has completed the acquisition of Urban Campus,” 12 March 2026. https://www.costar.com/article/366891522/exclusive-goldman-sachs-has-completed-the-acquisition-of-urban-campus
GSL Global, “Greystar secures over €2.7 billion for Europe’s largest residential fund,” 3 June 2026. https://gslglobal.com/2026/06/03/greystar-secures-over-e2-7-billion-for-europes-largest-residential-fund/
IPE Real Assets, “Greystar raises €2.7bn for largest pan-European value-add residential fund.” https://realassets.ipe.com/news/greystar-raises-27bn-for-largest-pan-european-value-add-residential-fund/10137058.article
The Intermediary, “Co-living set to grow as 40% of investors plan higher allocation,” April 2026, on Investec’s Future Living 4. https://theintermediary.co.uk/2026/04/co-living-set-to-grow-as-40-of-investors-plan-higher-allocation-investec/
Property Week, “Structural housing undersupply increasing investor confidence in co-living sub-sector, report finds.” https://www.propertyweek.com/news/structural-housing-undersupply-increasing-investor-confidence-in-co-living-sub-sector-report-finds
Bain Capital, “Meridia Acquires a Landmark Flex Living Asset in Madrid from Bain Capital-led Consortium,” 6 August 2026. https://www.baincapital.com/news/meridia-acquires-landmark-flex-living-asset-madrid-bain-capital-led-consortium
BDC Magazine, “DFI forward funds 200-bed Kingston co-living development in off-market transaction,” August 2026. Also the source for approximately 7,000 operational co-living beds across London. https://bdcmagazine.com/2026/08/dfi-forward-funds-200-bed-kingston-co-living-development-in-off-market-transaction/
Green Street News, “DFI adds 200 homes to co-living portfolio,” 19 August 2026. https://greenstreetnews.com/article/dfi-adds-200-homes-to-co-living-portfolio/
JLL, EMEA Living Market Perspectives 2026. Source for €62.2 billion of 2025 EMEA living transactions and the shift in deal composition. https://www.jll.com/en-uk/insights/market-perspectives/europe-living
Spain
Iberian Property, “Stoneweg and BGO launch €500M JV to scale flex-living platform in Spain.” https://www.iberian.property/news/residential/stoneweg-and-bgo-launch-eur500m-jv-to-scale-flex-living-platform-in-spain/
Stoneweg, “BGO and Stoneweg launch Welco Living, Welco Valdebebas first asset in Spain,” June 2026. https://www.stoneweg.com/bgo-and-stoneweg-launch-welco-living-welco-valdebebas-first-asset-in-spain/
EjePrime, on GMP launching Truliving with a 724-unit Madrid pipeline. https://www.ejeprime.com/residencial/gmp-busca-conquistar-el-norte-de-madrid-con-tres-colivings-estrella-en-tiempo-record
Everything Coliving, “SIMA Crowns Spain’s Flex Living Moment,” 8 June 2026. Source for the Colliers Q1 2026 Spain Living Snapshot figures and the SIMA flex living track. https://everythingcoliving.substack.com/p/sima-crowns-spains-flex-living-moment
Gacetín Madrid, on Madrid permitting aparthotels and flex living in industrial zones, March 2026. https://gacetinmadrid.com/2026/03/05/madrid-permitira-apartahoteles-y-flexliving-16-zonas-industriales-turismo/
Singapore and Asia Pacific
Grow Beansprout, “LHN Limited: Strong results for 1H2026, boosted by Coliwoo.” Source for 3,568 rooms across 28 locations at 97.0% occupancy as at 31 March 2026. https://growbeansprout.com/lhn-1hfy26-results
RE Talk Asia, on JLL data covering S$1.4 billion of Singapore co-living transactions and market concentration. https://www.retalkasia.com/news/2025/09/17/singapore%E2%80%99s-co-living-sector-attracts-over-s14-billion-transactions-market-matures
Proptiply, “Investing in Coliving: A Complete Guide for Investors (2026).” Source for the JLL investor sentiment reversal, 65% stable versus 73% high risk in 2024. https://www.proptiply.com.sg/investing-in-coliving-guide-investors-2026/
Global Student Living, “Singapore Launches Pilot Co-Living Program for Youth,” 20 August 2026. https://gslglobal.com/2026/08/20/singapore-launches-pilot-co-living-program-for-youth/
Habyt, “Habyt sells Asia Pacific operations to Mitsubishi Estate,” 27 April 2026. https://www.habyt.com/press/habyt-sells-asia-pacific-operations-mitsubishi-estate-flexible-living-strategy
Habyt, “Habyt announces sale of co-living portfolios in France, Portugal and Spain,” 11 May 2026. https://www.habyt.com/press/habyt-today-announces-the-sale-of-its-co-living-portfolios-in-france-portugal-and-spain-to-three-local-operators-covering-assets-in-paris-lisbon-and-madrid
Serviced Apartment News, “Habyt opens first aparthotel in Austrian capital,” August 2026. Source for the Vienna 319-unit opening and the Leaze positioning. https://servicedapartmentnews.com/news/property/habyt-aparthotel-vienna/
London and the UK
Savills, “Does the Draft London Plan truly recognise the value and viability of co-living in London?”, August 2026. Source for the removal of Policy H16, its dispersal into HN3, HN5 and HN9, the roughly 85% fall in starts from the Q4 2023 peak, and just over 16,000 consented units not started as of July 2026. https://www.savills.co.uk/blog/article/393456/commercial-property/does-the-draft-london-plan-truly-recognise-the-value-and-viability-of-co-living-in-london-.aspx
Savills, “Savills provides initial thoughts on new draft London Plan,” July 2026. Source for the 31,549 borough PBSA target total. https://www.savills.co.uk/insight-and-opinion/savills-news/392980/savills-provides-initial-thoughts-on-new-draft-london-plan
Ackroyd Lowrie, “Your Guide to Delivering Co-Living Developments that Work.” Source for 8,847 UK units consented in 2025 and 5,845 in London. https://www.ackroydlowrie.com/your-guide-to-delivering-co-living-developments-that-work
Everything Coliving, “Greystar Raises Europe’s Largest Ever Residential Fund,” 17 June 2026. Source for the Watkin Jones Cardiff approval and the UK international student visa underwriting risk. https://everythingcoliving.substack.com/p/greystar-raises-europes-largest-ever
Property Week, “Shared future: prospects for the co-living sector,” 28 July 2026. https://www.propertyweek.com/markets/shared-future
Operator failures and consolidation
Crain’s New York Business, “The Collective collapses: co-living firm fails to find buyer,” March 2026. https://www.crainsnewyork.com/real-estate/collective-collapses-co-living-firm-fails-find-buyer
Urban Living News, “Coliving pioneer Common ceases trading,” May 2026. https://urbanliving.news/coliving/coliving-pioneer-common-ceases-trading/
Remote Work Europe, “The best coliving platforms in Europe in 2026: who’s still operating after Selina and Remote Year,” May 2026. https://remoteworkeurope.eu/insights/best-coliving-platforms-europe-2026/
Regulation
Gulf News, “Revealed: when Dubai’s shared housing law with fines of up to Dh1 million takes effect,” August 2026. https://gulfnews.com/uae/revealed-when-dubais-shared-housing-law-with-fines-of-up-to-dh1-million-takes-effect-1.500628576
Expat Media, “Dubai to launch rental index for shared housing under new law,” August 2026. https://www.expatmedia.net/dubai-rental-index-shared-housing/2026/08/
Al Suwaidi & Company, “Law No. 4 of 2026: A New Regulatory Framework for Shared Housing in Dubai.” https://alsuwaidi.ae/law-no-4-of-2026-a-new-regulatory-framework-for-shared-housing-in-dubai/
Construction Week Online, “Saudi ministry launches initiative to enhance housing for expat workers,” March 2026. https://www.constructionweekonline.com/news/saudi-ministry-housing-expat-workers
HousingWire, Richard Lawson, “More states legalize co-living; PadSplit adds insurance for hosts,” 4 August 2026. Source for the state by state position, city zoning changes and the National Co-Living Association. https://www.housingwire.com/articles/more-states-legalize-co-living-padsplit-adds-insurance-for-hosts/
CT Public, “Key CT housing legislation aimed at increasing accessibility fail to gain vote,” 7 May 2026. https://www.ctpublic.org/news/2026-05-07/key-ct-housing-legislations-aimed-at-increasing-accessibility-fail-to-gain-vote
KCUR, “Federal appeals court upholds Shawnee’s controversial co-living ban that restricts roommates,” 9 April 2026. https://www.kcur.org/housing-development-section/2026-04-09/shawnee-housing-co-living-ban-roommates-federal-appeals-court
Pew Charitable Trusts, “New Laws Open Doors to Affordable Shared Housing Arrangements.” https://www.pew.org/en/research-and-analysis/articles/2024/12/04/new-laws-open-doors-to-affordable-shared-housing-arrangements
Barcelona
RAC1, on company-managed colivings in Barcelona rising 900% in five years, 1 March 2026. https://www.rac1.cat/societat/20260301/els-colivings-gestionats-per-empreses-a-barcelona-augmenten-un-900-en-cinc-anys
Metrópoli Abierta, on more than 1,000 people gathering in Barcelona to demand housing policy action. https://www.metropoliabierta.com/urbanismo/mas-1-000-concentrados-barcelona-reclamar-politicas-vivienda_88123_102.html
Tercera Información, on BComerç pressing the council to bring forward the rule prohibiting coliving conversions. https://www.tercerainformacion.es/articulo/movimientos-sociales/2026/03/01/bcomerc-exige-al-ayuntamiento-presentar-la-norma-urbanistica-que-prohibira-colivings
India
Inc42, “Stanza Living to raise $32 Mn from Accel, Motilal Oswal,” May 2026. https://inc42.com/buzz/stanza-living-to-raise-32-mn-from-accel-motilal-oswal/
RPRealtyPlus, “Stanza Living raises $32M to scale co-living across 15 Indian cities.” https://www.rprealtyplus.com/article/stanza-living-raises-32m-to-scale-co-living-across-15-indian-cities-122472.html
Outlook India, “PG Rules In India Explained: Tenant Rights, Licences And What Makes A PG Illegal,” June 2026. Source for the Gurugram DTCP crackdown and the state by state regulatory patchwork. https://www.outlookindia.com/national/pg-rules-in-india-explained-tenant-rights-licences-and-what-makes-a-pg-illegal
Deccan Herald, “BBMP mulls relaxing rules to boost registration of PGs.” https://www.deccanherald.com/india/karnataka/bengaluru/bbmp-mulls-relaxing-rules-to-boost-registration-of-pgs-3181976
Australia
Knight Frank Australia, The Co-Living Report, January 2026. Source for national supply passing 10,000 units, Sydney holding more than 90% of completed schemes, and average scheme size rising from 37 to 130 units. https://www.knightfrank.com.au/blog/2026/01/19/development-of-coliving-units-expected-to-accelerate-in-2026
BTR News Australia, “Sydney leads way for Australian co-living delivery,” January 2026. https://www.btrnews.au/sydney-leads-way-for-australian-co-living-delivery/
Distribution and technology
PR Newswire, “Furnished Finder partners with PadSplit to expand affordable room rental inventory nationwide,” 3 June 2026. https://www.prnewswire.com/news-releases/furnished-finder-partners-with-padsplit-to-expand-affordable-room-rental-inventory-nationwide-302787619.html
PRWeb, “PadSplit launches HostGuard: the first-ever protection plan designed for shared housing,” 5 August 2026. https://www.prweb.com/releases/padsplit-launches-hostguard-the-first-ever-protection-plan-designed-for-shared-housing-302843770.html
Everything Coliving background reading
Everything Coliving, “Four Governments Moved on Coliving in the Last 28 Days,” 22 August 2026. https://everythingcoliving.substack.com/p/four-governments-moved-on-coliving
Everything Coliving, “Goldman Sachs Just Bought a Coliving Company, The Collective Is Dead,” 16 March 2026. https://everythingcoliving.substack.com/p/goldman-sachs-just-bought-a-coliving
Everything Coliving, “40% of Investors Are Raising Coliving Allocation,” 21 May 2026. https://everythingcoliving.substack.com/p/40-of-investors-are-raising-coliving
Everything Coliving, State of Coliving and Coliving Statistics 2026, for the comparative country baselines used throughout. https://www.everythingcoliving.com/state-of-coliving and https://www.everythingcoliving.com/coliving-statistics