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The image depicts a bar chart showing UK housing statistics for individuals aged 25-34 from 2004 to 2014, with "Home Owners" and "Renters" as categories; in 2004, home ownership stood at approximately 59% and renting at around 21%; in 2005, home ownership was close to 57% and renting at about 22%; in 2006, home ownership approximately 56% and renting at about 23%; in 2007, home ownership near 54% and renting about 24%; in 2008, home ownership at roughly 53% and renting around 26%; in 2009, home ownership approximately 50% and renting at 28%; in 2010, home ownership around 48% and renting at 31%; in 2011, home ownership approximately 45% and renting at 34%; in 2012, home ownership near 43% and renting about 36%; in 2013, home ownership close to 41% and renting around 38%; in 2014, home ownership stood at 36% and renting at 48%.
Given the complexity of the image, the above description may not be entirely accurate.
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The bar chart shows the percentage of house ownership type from young adults aged 25 to 34 in the UK.
Overall, the trend of people have their own home saw a gradual decrease with a not significant fluctuation and the percentage of renters change in the opposite way across the year. This show in more contemporary era, people tend to choose renting as the way of housing.
In the starting point, 2004, the majority of the respondents own their private accomodation with roughly 60 percents of them having this type of housing. In contrast, there were only one fifth of them rented their place. In the next 2 years, while the proportion of house-owner decrease slightly, the number of renters is climbing, but this still does not change the fact that more people is entitled to their own resident.
After a slight increase in the year of 2007, the number of house owner always went down until the end of observartion. However, the percentage of renters rose gradually resulting there were more renters than owners in the year of 2013 until 2014.
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