The housing market has been a lot less kind to Gen Z and Millennials than it was to their parents.
Property website Spareroom surveyed almost 5,000 UK renters, and 2,000 adults over the age of 50, to reveal some interesting stats on house-hopping within generations.
The study found that a quarter of Millennials (people born between 1981 and 1996) and Gen Z (1997-2012) have already moved at least 10 times since leaving home.
Collectively known as 'Generation Rent', they’ve already lived in twice as many homes as their parents will over their lives.
This just shows how much the housing market has changed from generation to generation.
The study also found that a third of Gen Z/Millennials have already lived with 15 or more flatmates, excluding family members or partners.
In contrast, almost half of their parents’ generation have never lived with anyone other than immediate family or their partner.
A spokesperson for Spareroom said:
"'Generation Rent' are taking longer to settle down, buy a house or start a family. Not only that, houses are so much more expensive than they used to be.
"Therefore, people are renting for longer. When our parents’ generation bought their first place, the average house cost 3-4 times the average salary, today it’s more like 10-12 times the average salary."
World's Tallest And Shortest Women Meet For First Time To Celebrate Guinness World Records Day 2024
Shannen Doherty: Beverly Hills, 90210 Star Dies Aged 53
Olivia Dean, Chaka Khan, Terence Trent D’Arby And Dionne Warwick Confirmed For Star-Studded Love Supreme
Boom Shakes The Room — Explosion of Colour And Happy Vibes At Spellbinding Gathering
Struggling To Sleep? New Research Names The Movies That Will Help
Mountbatten Inviting Islanders To Sign Up For 2026 Lapland Husky Trail
Popular Totland Bay Seawall Footpath Reopens
Salvation Army Receives Festive Boost Thanks To December Donation From Southern Vectis
Isle Of Wight Council Supporting ‘Hoodies For Homeless’ Campaign
Comments
Add a comment