Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
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The latest ONS data on Families and Households in 2018 shows the pressure of the housing crisis and rising rents on the population with one in four young adults or 3.4 million in total aged 20 to 34 years still living with their parents.
In 2018, there were 27.6 million households, an increase of 350,000 on the previous year and 1.7 million since 2008.
The number of people living alone in 2018 has surpassed 8 million, up from 7.7 million in the previous year, driven by increases in women aged 45 to 64 years and men aged 65 to 74 years.
Sophie Sanders, Office for National Statistics Population Statistics Division, said “The number of families and households in the UK has continued to rise in line with the growth of the UK population over the past decade. However, the ways that people live have been changing.
“While married couple families remain the most common, cohabiting couples are the fastest growing family type as people increasingly choose to live together before, or without, getting married.
“There are also more people living alone than ever before, an increasing number of same-sex couple families and more young adults living with their parents.”
In 2018, one in four young adults aged 20 to 34 years were estimated to live with their parents. This is a statistically significant increase of 24% over the 10-year period 2008 to 2018. However, the increases seen in the number of young adults living with their parents since 2013 are much more gradual than the increases in previous years (Figure 6).
Over the past two decades, young men have always been more likely than young women to live with their parents. In 2018, 31.4% of men aged 20 to 34 years and 19.9% of women aged 20 to 34 years were living with their parents. This is likely because women tend to marry at younger ages than men and it is possible that women are also more likely to cohabit at younger ages than men.
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