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21 January 2010

Young Britons keen to escape family homes

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by Gill Montia

Young Britons keen to escape family homes

The start of the New Year has seen a surge in young Britons keen to escape the family home and move into rented accommodation.

Lettingsearch.co.uk has reported a rise in graduates looking to gain their independence, contributing to a spike in searches on the property portal during the first two weeks of January.

Of those looking for accommodation 30% had secured their first job and were keen to move out of the parental home.

Searchers wanting to move to a different area for lifestyle or work related reasons took second place (19%), closely followed by prospective tenants looking to move in with a partner (18%).

The firm reckons that families largely made up the 16% who said they wanted more or less space, or different facilities.

Finally, existing house and flat sharers would appear to be content, with only 4% of housemates feeling the need to move on, and only 2% wanting to live with different friends.

Lettingsearch.co.uk director, Phil Calderbank, comments: “The latest Government figures show an increase in young people obtaining work at the end of 2009, which has played a part in shaping some firm resolutions from this group to start the year on their own two feet.”

Earlier this month, unbiased.co.uk reported that younger Britons are more likely to forsake the UK’s troubled property market and rent long term.

According to research by the professional advice website, one in eight of those questioned no longer aspire to home ownership, with the freedom to move the most attractive aspect of renting.


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