Young professionals — rather than students — now make up the majority of the house sharing rental market, with 63 per cent of those renting a room now in relatively well-paid white collar jobs, according to a new report.

The average price of a home in the UK stood at £221,000 in May, up by around £10,000 from the corresponding month last year, the ONS said, with England seeing the biggest hike in prices, with growth of 5%.