Twenty years ago, just one quarter of those aged 18-34 in the UK still lived at home with their parents. Latest data indicates that figure is now higher. In fact, it is almost one third, equivalent to just over 4.7 million people.
There is also a significant difference according to gender: while just 25% of women remain at home with their parents, the figure is 37% for men.
Access to higher education, affordability of housing, and the ability to save money are just some reasons for staying put. The average age of a first-time-buyer across England is now 34 up from 26 in 1997.
For those families that need some more space, or for those that want to fly the nest, we have options for you. Give us a call on 01752 255255 or pop into our Martin & Co Plymouth office to speak with your local property experts.
