If as a teenager you couldn’t leave home quick enough, spare a thought for the 3.8 million young adults who will be living with their parents by 2025.
That’s the conclusion of a study by the insurer Aviva. The company found that a million more 21 to 34-year-olds are likely to find themselves living with their parents over the next decade thanks to the prohibitive cost of housing. The number of households containing two or more families is also expected to rise, from 1.5 million to 2.2 million.
Meanwhile, Hometrack reports that house prices in the UK’s biggest cities have jumped due to the buy-to-let surge, with Cambridge outpacing its rival Oxford. Average price growth in April was 10.4 per cent compared to the same time last year. During the uncertainty in the lead-up to the general election, the rate of growth was 6.6 per cent. Cambridge and London lead the top 20 cities of the UK in house price growth.
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