New research from the regulated property buyer found that as average UK rent prices reached a whopping £1,1010 in 2021, 50% of UK adults had moved back in with their parents over the pandemic.
Delving into the topic further, GoodMove also spoke with parents on the age their children permanently moved out of the family home, along with the best and worst parts of having their children live with them.
And with annual inflation rising by 4.8% in December 2021, is the boomerang phenomenon replacing children flying the family nest?
When do Brits fly the nest?
As house prices and deposits reach an all-time high, both millennials and Gen Z have been labelled generation-rent. But does a lack of fixed abode influence their ability to permanently fly the nest?
Astonishingly, according to the research, an incredible 50% of UK adults moved back to their parents’ during the pandemic, with 19% still living permanently in the family home.
When asked what age their children had moved out, respondents reported that children are most likely to leave the home aged 19-25, with 60% moving out in their early 20s. Meanwhile, a quarter (24%) fly the nest aged 18 or under, and 16% move out after the age of 25.
How do parents feel about their children returning to the nest?
Undoubtedly, there can be advantages and disadvantages to adult-children living with their folks, from financially to socially. But what did Brits vote as their biggest positives and drawbacks about living with returning kids?
The UK’s boomerang hotspots
With average house and rent prices varying across the UK, it’s no surprise that some areas were home to boomerang kids more than others. Surprising, the city that saw the highest rate of grown-up children returning to the family home during the pandemic was Manchester, with 61% deciding to move back in with parents.
Heading south, London was the next most common region for returning children (60%), followed by Sheffield (52%), Birmingham (47%), and Bristol (46%).
Nima Ghasri, Director at Good Move, says: “Over the pandemic, the struggles to get on the housing ladder were magnified more than ever. Although many young people now choose to rent, the rising costs of inflation and employment uncertainty had led many to return to the nest during the pandemic for financial security.”
“However, it is touching to see that so many people were able to spend more quality time together as a family during the pandemic - togetherness was what really got the public through such difficult and unprecedented times.”
