Band 7+: The chart below gives information about how people aged 25-34 are housed in the UK. Summarise the information by selecting and reporting the main features, and make comparisons where relevant.

The given bar chart compares the number of people aged 25-34 that rented or owned houses from 2014 to 2024 in the United Kingdom

Overall, there was a decrease in the number of people who owned a house while an increase can be seen in those who rented a house. However, the percentage of homeownershome owners stayed higher than that of renters, except in the last two years.

The proportions of homeowners saw a gradual drop from about 60% in 2004 to roughly 56% in 2007, and kept falling by 10% three years later. Meanwhile, the renters’ figure rose moderately from exactly 20% in 2004 to about 26% in 2007, followed by a rapid increase to 36% in 2010.

In 2011 and 2012, the percentage of homeowners and renters remained steady and approximately equal, at about 43% and 41%. Nevertheless, in 2013, the number of renters exceeded that of homeowners. By the end of the period in 2014, the gap had widened to about 10%.