Half of parents happy to let grown-up kids live at home as rents and house prices soar

By LUCY EVANS

Updated: 23:16 GMT, 11 March 2025

The number of parents letting their adult children live with them is soaring due to increasing rent and house prices.

Some 53 per cent of parents will happily accommodate grown-up offspring as swathes of young adults return to childhood bedrooms because of stagnant wages and surging house deposits.

One in four parents are willing to let their children live with them for as long as they need, while one in five don’t expect any rent in return, data from property developer Latimer Homes reveals. 

But the financial burden on parents could end up damaging family dynamics, it adds.

The children who do pay rent while living at home dish out £107 per week on average, the figures also show.

And despite 47 per cent of parents thinking their children should have flown the nest by the age of 25, two in three want to help them buy their first home but cannot afford to.

Some 53% of parents will happily accommodate grown-up offspring as swathes of young adults return to childhood bedrooms because of stagnant wages and surging house deposits.

Paul Walker, of Latimer Homes, says: ‘Young adults face many challenges in today’s housing market and are increasingly forced to turn to their parents for accommodation support. 

‘However, the “parent landlord” phenomenon is a temporary fix, not a workable solution.’

More than four in five parents want to see financial planning become part of the school curriculum in a bid to help young people sort out their finances.

L.evans@dailymail.co.uk

Can you save money on energy bills? Check the best fixed deals 

When energy prices spiked most households slipped energy price cap tariffs, but it is now possible again to switch to fixed rate energy deals that can save you money. 

This is Money’s recommended partner uSwitch lets you compare the best energy deals for you, based on your home and gas and electricity costs.

> Compare the best energy deals with uSwitch* 

By entering your address and energy usage, you can search for energy deals that can cut your costs and suit how you live.

Switching energy provider can also help the planet, if you move to one of the a green deals offering electricity from renewable sources and more environmentally-friendly gas.

> Check the best fixed rate energy deals with uSwitch and This is Money*

*Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence. 

:
Half of parents happy to let grown-up kids live at home as rents and house prices soar

***
Read more at DailyMail.co.uk