Increase in bungalow sales

Bungalows seem to always demand a higher asking price per square foot as older, more affluent people, aspire to them for mobility and comfort concerns. Younger borrowers who cannot afford traditional housing certainly won't be able to afford bungalows.

Bungalows have traditionally been more expensive to buy due to the lack of new build bungalows coming to the market that are privately owned and not those sold via shared ownership schemes. I think Bungalows are ideal for those looking to spend money on improving their properties as they are normally sold on large plots and have larger floor space. I think younger people are more open to bungalows as they can provide great space to convert to the popular open-plan living.

I have had a few bungalows sold recently where you would have traditionally thought retired couples would be the main target market, however both have been sold to younger first time buyers, eage to get on the property ladder and at a reasonable price for the local market. In both purchases the buyers were very muchinto the potential for development of the property, adding additional bedrooms and using the larger garden plot to extend the downstairs space. So they are able to secure a good value property initially, with the ability to develop in the near future - perfect plan!