Large increase of young people living with their parents

Created on: 8th February 2019

As a direct result of our open door policy on immigration and the lack of building new homes from the Thatcher days, we have a generation of young people who will find it impossible to buy their own home, let alone rent. 

Over the last 10 years there has been a net migration to the UK of over three hundred thousand people, per year which is roughly the size of a city. Therefore, this present crisis was a car crash waiting to happen. 

When you get a large demand in housing, this increases the value of the property or rent and decrease the value of the worker, as there is an oversupply. 

New research by think tank Civitas suggests that a million more young adults in the UK are living with their parents than were two decades ago. A quarter of 20- to 34-year-olds do so.

This rises to 41% in London, where housing is most expensive, but falls where it is cheapest - north-east England (14%) and Yorkshire and the Humber (17%).

And for 23-year-olds across the UK, the proportion living with parents has risen from 37% in 1998 to 49% in 2017.

Civitas editorial director Daniel Bentley said: "As owner-occupation and social housing have each become more difficult to enter, hundreds of thousands of young adults have taken one look at the high rents in the private rented sector and decided to stay with their parents a bit longer instead."

He added that it was essential that the government took this into account when forecasting future housing need.

The study also suggests youngsters who do move out are much less likely to live on their own than they were in the late 1990s. Single-person households have dropped to 30% in recent years, it says.

This is in stark contrast to most of northern and western Europe, the report says, where single living has been increasing rapidly.

In France and the Netherlands, 35% of households are single-person. And this rises to more than 40% in Germany and Denmark.

Posted by Amanda Hopkins

Extract from www.bbc.co.uk 

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