The bar chart shows the proportions of individuals aged 25-34 who either own or rent homes in the UK from 2004 to 2014. Overall, there was a substantial downward trend among homeowners while the percentage of renters witnessed a dramatic increase during that time. For most of the period, owning a house was more popular than renting one, but home renters overtook ownership over the final two years.
In 2004, it could be seen that approximately 60% of those people were homeowners, surpassing the renters by roughly 30%. This figure slightly decreased to around 56% in 2006, then rose to 57% in 2007. Subsequently, there was a sharp decline to 52% in 2011, maintaining stability in 2012, and steadily dropping to 36% by the end of the period.
On the other hand, the proportion of renters was approximately 20% in 2004, which increased to about 33% in 2005 and remained stable in 2006. However, there was consistent growth over the following five years, reaching around 41% in 2011. It remained steady in 2012 and then surged to 47% in 2014, outraging the figure for homeowners.