Compared to 10 years ago the number of young people (aged between 24 and 34) renting homes has shot up. In 2004, almost 60% owned their own home. These days, it’s just 36%.
Rises in house prices are the main culprit in causing this trend, with nearly half of this age group, known as ‘generation rent’, renting from private landlords.
Although I’m sure many of these renters would prefer to own their own place, they still need to treat their accommodation like any other long-term abode.