More and more young adults are still living with their parents, unable to afford to rent or buy property of their own according to the Office for National Statistics.

Last year, the ONS say nearly three million adults aged from 20-34 were living with their parents, an increase of 20%, since 1997, that’s an increase of almost half a million people!

The rise comes despite the fact that the number of people within this age group has barely changed.

Altogether, 64% of men, almost two in three, aged between 20-34,  now lives with his parents, and so do 46% or nearly half of all women in the same age bracket

However, by age 34 there is a rapid change of circumstances, with only 7% of men and 2% of women still living with their parents.

David Orr, National Housing Federation chief executive, blamed the rise on the lack of affordable homes, saying: “The options are severely limited and out of reach for many young people. Much more needs to be done to tackle this country’s dire housing crisis.”

The average age of the UK first-time buyer is now 30, according to research from Clydesdale and Yorkshire banks, but varies considerably across the UK: for example, 28 in Yorkshire, but 36 in Wales and 33 in London.

According to LSL’s latest index, the average monthly rent across England and Wales is now £709 – 2.4% higher than in 2011.

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