Future populations will have some interesting types of housing to choose from, according to a new report from estate agent and property specialists Strutt & Parker.
Its 2018 Housing Futures report identifies the housing trends that are likely to influence buyers and sellers in the next few years.
Among them are what it refers to as the Yo-Ho House, a property that is specifically designed to meet the requirements of modern families.
This type of home is flexible enough to accommodate changing circumstances, such as children from previous relationships moving in or older relatives requiring a room. The Yo-Yo House will employ such innovations as moving walls to create different living spaces, easy access to pipes and cables to incorporate new technologies and the ability to divide the property into flats.
Adaptability is the key to a Yo-Ho House, and the property will evolve and change with its occupants over their lifetime stay in the home.
Housing Futures also looks at the “grey pound” – the financially secure older generation of homeowners – and how they are attracted to Platinum Places, mixed-tenure properties embedded in local communities. Platinum Places aren’t only for older people but also attract families, young couples and singletons.
According to the report, Platinum Places are rich in top-class amenities such as gyms and swimming pools, while also having easy access to cultural experiences such as theatres and farmers’ markets. And their attraction for older homeowners is that they can convert their property wealth into useable funds while “rightsizing” from a bigger home into accommodation more suited to their golden years.
Another interesting property type that is expected to grow in popularity in coming years is a Micro Mansion. These tiny living spaces are aimed at people who want to live in the heart of a city but cannot afford typical flats or houses there.
With only 100-125 sq ft on offer, they are not long-term living destinations but attractive to those who are mobile when it comes to work or simply want to experience living in a particular spot.
Fran is the content writer for Capital Conveyancing, producing articles on all aspects of the conveyancing process and around the UK property market in general. If there is a topic you'd like to see covered on these pages, please drop Fran a line on [email protected]