The given bar chart demonstrates how many 25-34 aged British people either possessed or rented an accommodation in over a decade from 2004 to 2014.
Overall, it is apparent that between the ages of 25 and 34, the proportion of UK adults who bought a house was declining each year as opposed to that of renters.
In 2004, the figure for home owners reached a peak, making up nearly 60% which was thrice as high than that of renters. Over the next 6 years from 2005, the number of people who bought a house remained steady at about 55% in the first 4 years and then dwindled slightly in 2 year later, at around 50%. Meanwhile, the percentage of renters experienced an incredible increase, up to nearly 40% during the same period.
In 2011 and 2012, the proportion of both householders and renters was the same, which accounted for approximately 40% and remained unchanged in these years. From 2013 onwards, the figure for home owners was overtaken by that of renters and hit the nadir, down to under 40% in 2014 whilst the number of British adults renting a house rose quickly and reached the highest point of nearly a half.
The
given
bar chart demonstrates how
many
25-34 aged British
people
either possessed or
rented
an accommodation
in over a decade from 2004 to 2014.
Overall
, it is apparent that between the ages of 25 and 34, the proportion of UK adults who
bought
a
house
was declining each
year
as opposed to that of renters.
In 2004, the figure for
home owners
reached a peak, making up
nearly
60% which was thrice as
high
than
that of
renters
. Over the
next
6 years from 2005, the number of
people
who
bought
a
house
remained steady at about 55% in the
first
4 years and then dwindled
slightly
in 2
year
later, at around 50%. Meanwhile, the percentage of
renters
experienced an incredible increase, up to
nearly
40% during the same period.
In 2011 and 2012, the proportion of both householders and
renters
was the same, which accounted for approximately 40% and remained unchanged in these years. From 2013 onwards, the figure for
home owners
was overtaken
by that of
renters
and hit the nadir, down to under 40% in 2014 whilst the number of British adults renting a
house
rose
quickly
and reached the highest point of
nearly
a half.