The bar chart shows how many people aged 25-34 either rent or have bought a house in the UK. Furthermore, it illustrates this change over an eleven-year period. Overall, it can be seen from the chart...

The bar chart shows how many people aged 25-34 either rent or have bought a house in the UK. Furthermore, it illustrates this change over an eleven-year period. 

Overall, it can be seen from the chart that there were two different trends of the groups: upward in tenants and downward in home owners. 

As regard with those people owning a house, there was a significant drop in the number of people buying houses throughout 11 years. In 2004, the percentage of home owners was nearly 60%. However, the figure fell slightly to about 55% in the next two years and then rose minimally to just over 55%. From 2007, the rate declined gradually to just under 50% in 2011 and remained stable in 2012 before stabilizing at the lowest point in 2014, just under 40%. 

The rental market, however, increased substantially during the period of 11 years. In 2004, the rate of renters stood at 20% before climbing slightly to just over 20% in 2005 and stayed static in 2006. Between 2007 and 2011, renters witnessed a huge rise by almost 15%. After two years with the same proportions, the rate went up sharply again until it reached a peak at virtually 50% in 2014