Levenshulme and Burnage Property News
Father's day: no place like home
Tom Simper
Jun 21, 2020, 10:00 AM
Today is Father's Day.. Many will be looking forward to a socially distanced meet up, but with more than a quarter of young adults still living with parents, there is no need.
In the UK, 3.5 million young adults, aged between 20 and 34, live with their parents. This has increased by 46% over the last 2 decades.
More young adults live with parents as they are staying in education longer, formalising relationships and having children at older ages, and let’s not forget, the increased costs of renting or buying a home.
In the UK the average age of a first time buyer is 33 and if you choose to rent, on average 27% of income is spent on rent. Therefore, it is no surprise young adults are staying at home longer.
About The Blog
This Blog looks at what is happening in Manchester, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Tom Simper - Editor
Manchester is one of the fastest growing markets in the country. If you need any assistance buying, selling or letting properties in the area we have over 30 years of experience and local knowledge to help.
T: 0161 441 0563
E: [email protected]
Leave a comment