CD Hood's Building News


Jun 08
2017

Living with parents if UK property prices continue to rise

Posted by: CarlHood

Commercial Cambridgeshire builders CD Hood Ltd have seen for themselves that more and more adults are living with their parents.  According to recent analysis form Aviva Insurance the number of young people aged 25 to 34 living with their parents in the UK could be set to grow if property prices keep rising.



The findings are supported by a separate study carried out by Aviva, examining the attitudes of 500 people aged 16 to 34 who live with their parents which found that respondents expected to be 28 years of age on average before they moved out. It also found that although one in 12, or 8%, said didn’t ever expect to leave their current home.

Some 47% of those living with parents said they were ‘very happy’; while just 16% said they were unhappy with their circumstances. However the number of discontented increases with age. For adults aged 30 to 34 still living with parents, the number of ‘very happy’ falls to 31%, while ‘unhappy’ rises to 28%. ‘If house prices continue to rise at their current rate, we can expect the proportion of adult children living with parents to grow even further,’ said Lindsey Rix, managing director for personal lines at Aviva UK General Insurance.
If you need to find ways of expanding the capacity or your Cambridgeshire home experienced builders CD Hood Ltd might be able to help you come up with some solutions.

http://www.propertywire.com/news/uk/adults-will-end-staying-parents-uk-property-prices-continue-rise/

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