The bar chart displays the percentage of the 25 to 40 age group housed in the UK from 2004 to 2014.
Overall, the figure for homeowners experienced a downward trend, whereas an opposite trend was recorded with renters during the period. However, the number of people who owned a house was higher than that of renters in almost years.
There was a dramatic decrease in the proportion of people who owned accommodation. In 2004, the percentage of homeowners was approximately 60%, then dropped to about 55% in 2006. 2007 witnessed a slight rise. Following this, the figure significantly fell to around 40% in 2011. The number of people owning houses remained unchanged in 2012 before reaching its trough in 2014.
By contrast, the rate of people who rented houses recorded a sharp rise. 2004 witnessed the lowest level of that with 20% then remained stable in 2005 and 2006. From 2007 to 2014, it went up significantly and reached its peak in 2014 with approximately 50%.
Overall, the figure for homeowners experienced a downward trend, whereas an opposite trend was recorded with renters during the period. However, the number of people who owned a house was higher than that of renters in almost years.
There was a dramatic decrease in the proportion of people who owned accommodation. In 2004, the percentage of homeowners was approximately 60%, then dropped to about 55% in 2006. 2007 witnessed a slight rise. Following this, the figure significantly fell to around 40% in 2011. The number of people owning houses remained unchanged in 2012 before reaching its trough in 2014.
By contrast, the rate of people who rented houses recorded a sharp rise. 2004 witnessed the lowest level of that with 20% then remained stable in 2005 and 2006. From 2007 to 2014, it went up significantly and reached its peak in 2014 with approximately 50%.