The provided bar charts present data on the percentage of UK residents aged between 25 and 34 who either owned a home or rented accommodation between 2004 and 2014.
Overall, the trend of people gradually shifting towards home ownership was declining, while renting became increasingly common, overtaking ownership for the first time in the last period.
In 2004, nearly 60% of young adults owned a home compared with just 20% who rented. Although ownership remained above 50% until 2009, it then fell rapidly, reaching about 45% in 2012 before falling further to only around 36% by 2014. This represents the reduction of ownership that fell by about 15% within a decade
In contrast, the proportion of renters rose gradually from around 20% in 2004 to roughly 2009 before climbing more sharply in the following years. By 2013, renting had slightly surpassed ownership at around 45%, and it reached its highest point of approximately 48% in 2014
