MUCH has been made recently about some of the tiny houses and minuscule flats on the market in the capital.
Rising house prices, particularly in London, have left many people with little option but to opt for the most affordable, and sometimes smallest, home they can find. However, extra small living spaces or ‘Micro Mansions’ are in fact highly sought after in many cities — providing they are well-designed and perfectly positioned.
In its Housing Futures report, leading national estate agents Strutt & Parker, which has an office in Pangbourne, identifies the trend for this type of property as something we should expect to see a lot more of in the UK in the years to come.
Stephanie McMahon, head of research at Strutt & Parker, explains: “Small can be beautiful. The Micro Mansion serves as the ultimate living solution for those who prize location over space. As urbanisation gathers pace around the world, central locations in the most sought-after cities have become too expensive for the majority — enter dedicated tiny living spaces.
“These are not oddities that can be found in every city, where broom cupboards have been converted into some semblance of accommodation - they are carefully designed and well-planned homes. The rise of the micro-flat looks set to mirror what has happened with modern technology - everything in our homes will shrink — becoming smarter and more compact.”