The bar chart demonstrates the percentage of UK residents aged 25 to 34 who were either homeowners or renters.
Overall, the housing trends were obviously opposite each other over the decade. The proportion of young adults who had bought their own homes declined significantly, while the percentage of citizens who rented rose steadily, eventually surpassing home ownership.
The percentage of adults who owned a living place were approximately 58% in 2004, but on the other hand, around 20% who were renters. Home ownership experienced a slight decrease to 56%, before climbing back to about 57% in 2007.However, since then, ownership rates declined dramatically, falling to about 43% by 2011. The chart remained stable for two years, dropping moderately to 36% in 2014.
In contrast, the rate of individuals in this age group paid the rent in the UK increased slightly in the initial years, rising to around 23% by 2006, before rocketing sharply to about 40%. The proportion of renters had been stabilizing in the same time as home owners. From then on, the popularity of renting became unstoppable, peeking at nearly 48%.