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