First-Time Buyers Save £7.6bn by Living with Parents, Says Savills
UK Property News

First-Time Buyers Save £7.6bn by Living with Parents, Says Savills

By Jordan Hale, Senior Lettings Editor · 24 August 2026 · 1 min read

Editor's note: This brief was summarised by The Property AI Newsroom from a report by Landlord Today. Read the original article for full details.

First-Time Buyers Save £7.6bn by Living with Parents, Says Savills

Savills research has found that first-time buyers who lived with their parents before purchasing a home in 2025 benefited from £7.6 billion in rent-free accommodation. The findings are based on 254,000 first-time buyers staying at home for an average of three years and seven months, with the value of a room calculated at £160 per week.

This data highlights the significant financial impact of the so-called 'Hotel of Mum and Dad' for those entering the UK property market. The report may be of interest to letting agents and inventory clerks monitoring trends in rental demand and first-time buyer behaviour.


Source: Landlord Today
About the author
Jordan Hale
Senior Lettings Editor

Jordan Hale leads The Property AI's lettings coverage with a focus on UK rental legislation, agent compliance, and the day-to-day pressures facing letting agents. Articles bylined Jordan Hale combine current trade reporting with practical guidance for letting agents and inventory…

Specialises in: Renters' Rights Act, EPC regulations, tenancy deposit schemes, agent licensing, Right to Rent compliance.

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