Tenants and others who found unusual ways to keep a roof over their
head in an era of record costs
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 3.4 million
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.
Source: FS – All-News2-Economy
How punitive rents encourage more imaginative alternatives