There are a growing number of adults choosing to live at home with their parents, according to Abbey Mortgages.

Many people in the UK tend to take enter tenancy agreements with landlords, but the high street financial services firm claims that 1.6 million 18 to 34-year-olds are opting to reside with parents and friends for no cost.

Dubbed 'kidults', this group is following trends often seen in other countries across Europe. In Spain and Italy, for example, it is not unusual to have many generations of the same family living under the same roof.

Nici Audhlam-Gardiner, Abbey Mortgages director, said: "Whilst an adult living at home until their 30s is more associated with our continental cousins, Abbey Mortgages research shows that this is a trend that is on the increase here in the UK as well."

When the research was broken down regionally, it was noted that people in the south of England are twice as likely to live with others for no cost, compared to their counterparts in the north-east and north-west of the country.

Indeed, some 270,000 adults in London live rent free with parents or friends.

Written by Daniel Burgess

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