Millennials spend about a million pounds on rent in their lifetime, if they do not have property. The average rent is over 1000 pounds in the UK. Millennials that start renting at the age of 21 will have spend around 100,000 pounds on rent before they buy their very first home. They typically buy their first home at the age of 32. For people that live in the capital, the prices go up a lot more.
