8 Jan

Average size of UK family home shrinking

Average size of UK family home shrinking

A new survey has revealed that the average size of a UK family home has decreased over the last 10 years by two square metres.

Some 22 per cent of families had modified their home to create more space in which to live comfortably, according to home insurance company LV.

Letting agents may be interested to hear that more families are now renting properties for longer as they are unable to afford a home of their own.

One in ten families now live in a flat, which is a 20 per cent increase in just five years.

John O’Roarke, managing director of LV home insurance, said: “The average family home has changed dramatically in the last five years with more families now living in flats and rented accommodation. 

“The research found that many families are living with makeshift modifications, which could be illegal and also unsafe,” he added.

In order to help more people step onto the property ladder the government started a number of schemes in 2013, the most notable one being the Help to Buy programme.

and with first-time buyers reaching their highest number since 2009, many believe that the scheme has allowed more people to finally become property owners.ADNFCR-1222-ID-801680247-ADNFCR

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