Rise in Unconventional Property Investments

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Unconventional properties are becoming more and more popular as people in the UK look for a more interesting home.

According to a recent survey by BLP Insurance, over half of residential property owners in the UK would consider living permanently in an unconventional type of home such as a boat, tree house, converted barn or warehouse to have a more creative and interesting home life and escape the pressures of modern life.

This desire for an unconventional house or flat is most prevalent among 35-54 year-olds (61 per cent) with the over 55s (42 per cent) being the least likely to give up their traditional bricks and mortar home.

Men (57 per cent) are more adventurous than women (48 per cent) when it comes to considering an unconventional move to a canal or forest glade.

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

Shipping containers (11 per cent), treehouses (9 per cent), pallet homes (5 per cent) and yurts (4 per cent) were the least popular choices except for the most adventurous homeowners.

Four of the most popular reasons for choosing an unconventional style of home was because it is more creative and interesting (42 per cent), is cheaper to run (33 per cent), more environmentally friendly (32 per cent) and it allows people to escape the hectic nature of urban life (25 per cent).

Director at BLP Insurance, Phil Harris, 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 mind-set, 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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