Londoners Turn to Living in Disused Buildings as Rents Soar

By Evans Momodu
1 minute read

In a bid to escape sky-high rental costs, Londoners are increasingly opting to live in abandoned schools, office blocks, and even a former cathedral as property guardians—a growing trend that offers lower housing costs but comes with fewer tenant rights.

Managed by companies like Live-in Guardians, these arrangements allow residents to pay a reduced monthly fee—often significantly less than standard London rents—to live in properties awaiting redevelopment or demolition.

The demand for guardianships is surging, with applications "going through the roof," says Arthur Duke, the company’s managing director. This shift is driven largely by the cost-of-living crisis, forcing more people in their thirties and forties to seek alternative housing solutions.

While the savings can be substantial, the unregulated nature of guardianships means residents face risks such as unstable living conditions, limited access to utilities, and short eviction notices—just 28 days compared to the two months required for most private renters.

Despite the downsides, many guardians see it as a necessary compromise. Luke Williams, 45, has lived as a guardian for six years, saying he has saved "thousands and thousands of pounds" while enjoying access to unique spaces.

With London rents up by 11.5% in 2024, averaging £2,220 ($2,764) per month, and a severe shortage of affordable housing, guardianships are shifting from a bohemian lifestyle choice to a last resort for many struggling renters.
Source: CNN