Nowadays, society prefers a fast and more convenient lifestyle, mostly
due to
their work requirements. Linking Words
This
bar chart proves that working or other external factors can have a big impact on how people prefer their living methods. The bar chart revealed significant shifts in homeownership and renting trends among people aged 25-34 in the UK between 2004 and 2014. In Linking Words
this
essay, I will conduct an analysis of housing change and the percentage of home ownership and rent in the UK between 2004 and 2014 from the ages of 25 to 34.
Over the decade, the Linking Words
rate
of homeowners among communities aged 25-34 decreased Use synonyms
while
the percentage of renters increased. Linking Words
This
shift was so significant that by the end of the period, renters had surpassed homeowners.
The homeownership Linking Words
rate
was approximately 58% in 2004, which was about 30% higher than the Use synonyms
rate
for renters. Use synonyms
This
Linking Words
rate
dipped slightly to about 56% in 2006 and Use synonyms
then
increased to 57% in 2007. Over time, the Linking Words
rate
Use synonyms
then
dropped significantly to almost 52% in 2011 and remained almost the same in 2012. Linking Words
Finally
, it continued to decline steadily to about 36% by the end of the period.
In 2004, about 20% of Linking Words
this
population was renting, and it increased to around 33% in 2005 before remaining consistent in 2006. Linking Words
However
, over the next five years, the figure experienced significant and steady growth, reaching around 41% in 2011. It remained stable in 2012 and Linking Words
then
surged to 47% in 2014, surpassing the Linking Words
rate
of homeowners. Use synonyms
This
steady growth is a clear indication of the momentum of change in the housing market.Linking Words
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