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Creative buyers seek unconventional properties

By Fraser Gregory  //  Thu 22nd August 2019
Study reveals desire for more unconventional properties
Converted barns, boats and even tree houses are on the list of the UK public’s dream homes, according to a new survey, which found that more than half of property owners would consider a move to a less conventional property.

The survey, from BLP Insurance, revealed that people see a radical house move as a chance to escape the pressures of modern life and express their creativity.

But the desire for a less traditional property was stronger among young people than those close to retirement, with 61% of those aged 35 to 54 welcoming the idea, compared to 42% of the over 55s.

“The days when most homeowners aspire to buy a semi-detached house in a quiet tree lined suburban street could soon be a thing of the past,” said Phil Harris, director at BLP Insurance.

“It seems that people approaching their 40s and 50s are looking for a greater level of freedom and adventure and want to try a different type of home.”

The most popular alternative home, according to the survey, is a converted building at 24%, followed by boats at 20%, eco-homes at 19%, treehouses at 9% and yurts at 4%.

While the biggest reason cited for seeking an unconventional property was to find an interesting place to live, a third of respondents believed such homes would be cheaper to run and more environmentally friendly.

According to Phil Harris, the findings could be useful to people looking to invest in different types of property. “There is a definite trend among younger people, especially, to factor in variables such as environmental impact when choosing a new home. It could now be time to invest in an unconventional property as demand increases and people chase the limited supply.”

Read more about this story on the Property Wire website.

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