Small houses are becoming ever more popular
Text from 2019. Laws, rates and prices may have changed since then. Ask an agent
Do detached houses make you think of large floor areas? Well, they are obviously bigger than flats, but they are no longer ideal places for multi-generational families, as was the case two or three decades ago. In other words, the greatest interest is in houses suitable for a single family with children.
100 square metres
What does this mean for investors? Well, while in the 1990s people buying houses usually looked for ones of more than 200 square metres, in recent years the most popular listings have been houses of 100 square metres at most.
It should be noted that this situation concerns the primary property market. Does that mean new houses are bigger? Not necessarily. People building houses for later resale increasingly opt for small houses aimed at people who have simply had enough of living in blocks of flats but cannot afford a bigger house.
READ ALSO – WHICH HOUSE DESIGN TO CHOOSE? READY-MADE OR CUSTOM?
Why do people choose houses of up to 100 square metres?
There may be various reasons, but an important one is probably that they are both comfortable and economical. Less energy goes into keeping them tidy than would be the case with a large house. Renovation also involves less work and expense.
At the same time, houses of this size prove very economical to run. This is especially noticeable in winter, when you have to take care of heating the property.
What does this mean for investors?
If you invest in houses that you then want to renovate and sell at a better price, take the current trend into account. It is worth remembering not to overdo it, though. The fact that people look for small houses is one thing, but investing in buildings that are too small may be a mistake. On the other hand, large houses can always be let to companies that are looking for a large headquarters but have trouble finding one among standard business premises. In that case, however, you must consider the layout of the rooms.
Tags: new houses


