Rental Babies

Posted on: 5 April 2019

RENTAL BABIES

Nearly half (49.2%) of all babies were born into rented homes in 2016/17, according to a new report by Royal London, up from just one in three in 2003/04. The average age for first-time mums and dads is 29 and 33 respectively, while the average age of a first-time buyer is now 34. The so-called ‘generation rent’ is becoming ‘generation parent’. The number of families with children who are living in privately rented homes has risen by 94% in the decade to 2016/17, with 1.8 million families now in the sector. The North East and Yorkshire and the Humber are the regions which have seen the largest proportional increases. While some may make this lifestyle choice, there is a concern that many households may become caught in the ‘parent rent trap’, as renters pay on average more of their monthly income on housing.

Share:


Recent Articles

18 April 2019

Tenant Fees Act

The long-awaited Tenant Fees Act will be introduced across England on 1st June 2019. This week the government has released a guidance note for those in the industry. From June 1st, it will become illegal to charge a tenant a fee relating to their tenancy unless it is one of the seven areas...

18 April 2019

Home Improvements

April is National Home Improvements month. Property owners across the UK have spent almost £8,000 each on home improvements over the last five years, a staggering £48 billion in total, according to new research by the National Association of Estate Agents. Nearly three-quarters of...

18 April 2019

Easter Egg-Stravagance

UK consumers spent £395 million on Easter eggs and confectionery during Easter 2018, up 5% on 2017 and it is anticipated that spend in 2019 will be even higher. Such spending equates to the equivalent of over 1,700 average priced UK homes. By property type, this would buy over 2,000...

semi circle instant online valuation

Get an instant online valuation

Find out how much your property is worth