The bar chart compares the percentages of 25- to 34-year-olds in the UK who owned or rented
accomodation
between 2004 and 2014.
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accommodation
Overall
, the proportion of young adults who owned their homes declined considerably, Linking Words
while
the percentage of Linking Words
renters
increased substantially. Use synonyms
Although
home ownership was Linking Words
initially
much more common, renting overtook it towards the end of the period.
In 2004, around 59% of people aged 25-34 owned their homes, compared with only 20% who rented. The percentage of homeowners Linking Words
then
remained relatively stable at around 57% until 2007, before falling to around 52% in 2009. Linking Words
By contrast
, the fraction of Linking Words
renters
rose gradually, reaching approximately 31% by the same year.
From 2010 onwards, the decline in home ownership became more pronounced, with the figure falling from approximately 47% in 2010 to 36% in 2014. Meanwhile, the percentage of Use synonyms
renters
climbed from around 36% to 48%. The two figures were almost equal in 2011 and 2012, before the share of Use synonyms
renters
surpassed that of homeowners in 2013.Use synonyms