Would you live in a tube carriage? Thats the size of the new micro-homes – around 37 square metres – that are becoming increasingly popular, with a 40% rise in new builds over the last year. In fact micro-homes, just 28 square metres in size – about the size of a budget hotel room – are currently selling for as much as 450,000 in London.
Why are micro-homes so popular?
Thanks to the housing shortage, and the difficulties faced by first-time buyers trying to get on the housing ladder, micro-homes are rising in appeal. The smallest of them, just eight square metres, is only one metre bigger than a prison cell.
Unfortunately, unless you can buy outright, mortgages on micro-properties are hard to come by, with several major lenders refusing to lend on properties with a surface area smaller than 30 square metres.
Finding the space
Britain already has some of the smallest homes in Europe, averaging 76 square metres. By contrast, the average home in Denmark is nearly twice the size at 137 square metres. A micro-home is usually defined as being a property smaller than a 37 square metre studio flat.
Because of their space-saving nature, micro-properties could be part of the solution to the UKs housing crisis, with an extra two million homes needed to ease the pressure on the property market. Solutions like Zedpods, which are built over car parking spaces, could ease the pressure in London.
Leicester leads the way
But its not just in London where micro-housing is being built. The biggest boom has been in Liverpool and Leicester where a 22 square metre flat will set you back 70,000. But with clever design to maximise space and energy saving features like Leicester double glazing installed by a trusted company such as www.absolutewindowsolutions.co.uk these micro-properties can be appealing and cost-effective spaces to live in for first-time buyers.
Micro-homes around the world
The UK isnt the only country where miniaturising living space has caught on. There are plenty of ingenious designs to take inspiration from, proving that even the tiniest space can become a very desirable place to live.
The UKs housing crisis has been decades in the making thanks to council house sell-offs and lack of replacement housing stock, so could going micro finally be the answer?