Are Micro Homes The Answer To The UK’s Housing Crisis?
We’re currently experiencing a housing crisis here in the UK, with a lack of affordable decent properties affecting families all over the country. According to charity Shelter, house prices are now nearly seven times people’s incomes, which means that homeownership is now out of the reach of many.
However, there could be a solution in the form of micro homes. A new report in the Daily Express notes that in the last few years, a property boom for houses less than 37 sq/m in size has been seen in a bid to address the housing crisis issues we’re now facing. Since 2014, a rise of 172 per cent has been seen in micro homes and in 2016, 8,000 were built alone.
Housing research charity BRE’s Martin Townsend was quoted as saying: “Micro living can be a good first step on to the property ladder, but not if it’s just about driving down size and increasing profit for developers. We have to be careful that standards don’t drop. There’s evidence that living in very tight spaces can have a psychological impact if the quality is not good or there’s insufficient natural light and fresh air.”
Apparently, the micro home hotspots in the UK are Liverpool, Leicester, Birmingham and Bristol… but Which? has now warned people that mortgage providers may well refuse to lend money for these tiny houses and it’s possible that buyers could lose out because such properties fail to keep pace with bigger homes.
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