Overview
- A NatWest survey reveals 23% of parents have had adult children move back home after initially leaving, with an average stay of two years.
- The average age of returning children is 26, with over 21% of them aged 30 or older, and some bringing partners or their own children.
- Rising rents and high property prices are making it harder for young adults to save for home deposits, intensifying reliance on parental support.
- Over half of parents with returning children have repurposed home offices or guest rooms, while 60% charge rent to help manage costs.
- First-time buyers receiving family assistance can purchase homes at an average age of just over 30, compared to 32.5 for those without support.