Unconventional homes becoming more popular

Mortgage Introducer

August 19, 2019

Over half of residential property owners in the UK would consider living permanently in an unconventional type of home to escape the pressures of modern life according to a recent survey from BLP Insurance.

The desire to leave a ‘conventional’ property is most prevalent among 35-54 year olds (61%), with over-55s the least likely to give up their home.

The three most popular alternative types of home are converted buildings (24%), boats (20%) and eco-homes such as houses made of straw bales (19%).

The craving for something more interesting (42%), being cheaper to run (33%) and escaping the hectic nature of urban life (25%) are the most popular reasons for those wanting to make the move.

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

“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 away from the suburbs.

“Reflective of a shifting cultural mindset, there is also 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.”

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