Property Ladder: A real family feel
Essential news for the first time buyer
Multi-generational households – that’s homes where grandparents, parents and children live together under the same roof – are making a comeback in the UK, according to new research.
Multi-generational homes were common place in the UK in the first-half of the 20th century but dwindled in popularity from the 60s onwards. But living with extended family has had a revival, up 27% in fact.
While economic considerations have pushed some families closer together, the study showed nearly half (44%) of people do so because they liked being close to family. While 33% cited financial considerations as one of the main reasons.