Communal spaces encouraging social connections amongst residents can prompt renters to renew their tenancies for longer, according to a property developer.
PlaceFirst, which is currently regenerating Victorian terraced houses in Toxteth’s Welsh Streets area, suggests that creating the right environment for community spirit to thrive can benefit landlords and residents alike.
Speaking in the latest issue of Your Move, Martin Ellerby, head of new business and innovation the firm, which is incorporating ‘communal avenues’ into its scheme (pictured), says: “Thriving communities are created through friendships and strong social connections.
“A developer can’t ‘create’ a thriving community, but we can try to create the right environmental conditions to promote the social interactions necessary to establish a sense of community.
“We can ensure our residents enjoy attractive, communal spaces where children can play and neighbours can get to know each other. Research shows that the more social connections and friendships residents make, the more likely they are to renew a tenancy.”