Renting a property in the UK can be a bleak business. The average monthly rent rose to £932 last month and in London it is even more expensive at £1,588, according to new figures.
It is of little surprise then that more young people are choosing to stay in the family home. Recent research showed nearly a million more young adults live with their parents than was the case two decades ago. The proportion of people aged 20 to 34 who live with their parents has risen from 19% in 1997 to 25% in 2017 – some 3.4m people, according to the thinktank Civitas.
With spiralling rents leaving many people with barely any disposable income, let alone the means to save towards a deposit, some are now choosing alternatives.
