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Welcome To Generation Rent

By: Jahnavi / On: Monday, February 13th, 2017 / Category: Student Living

Flat sharing websites which have typically catered to students and millennials have seen an unexpected rise in the over 40s house sharing market. In the last five years, flat sharers between 35 and 44 searching for flat mates has risen by 186%, according to Spareroom. Likewise, the number of sharers aged 45 to 54 has risen by 300%. Research shows, since 1998 rent prices have more than doubled compared to living costs, according to the Office for National Statistics (ONS). This, alongside soaring house prices means more of us are renting in to our 30s, 40s and beyond, compared to previous generations. In fact, by 2020 it is estimated that half of all under 40 year-olds will be living in rented accommodation.