The bar chart provides information about how people aged 25-34 are housed in the UK between the years 2004 and 2014. People are divided into two categories: homeowners and renters.
According to the graph, the percentage of people who owned a house represented a significant majority between 2004 and 2009. The property market remained stable, above 50%, for five years. From 2010, home ownership saw a significant decrease to under 40% in 2014.
On the contrary, there was a steady increase in the number of young people renting houses.
The rental market rose from 20% in 2004 to almost 50% in 2014.
Between 2011 and 2012, both the property market and the rental market remained stable at around 40%. From 2013, the number of renters has exceeded the number of homeowners, rising above 40%.
Overall, we can see an upward trend in the number of renters while the number of homeowners halved among people aged 25-34 in the UK.
The bar chart provides information about how
people
aged 25-34
are housed
in the UK between the years 2004 and 2014.
People
are divided
into two categories: homeowners and renters.
According to the graph, the percentage of
people
who
owned
a
house
represented a significant majority between 2004 and 2009. The property
market
remained stable, above 50%, for five years. From 2010, home ownership
saw
a significant decrease to under 40% in 2014.
On the contrary
, there was a steady increase in the
number
of young
people
renting
houses
.
The rental
market
rose from 20% in 2004 to almost 50% in 2014.
Between 2011 and 2012, both the property
market
and the rental
market
remained stable at around 40%. From 2013, the
number
of renters has exceeded the
number
of homeowners, rising above 40%.
Overall
, we can
see
an upward trend in the
number
of renters while the
number
of homeowners halved among
people
aged 25-34 in the UK.