Forget that flash city penthouse or a grade II listed cottage in the Lake District, most of us dream of living in a detached four-bedroom family home by the sea, according to a recent report.
According to leading property portals, a seaside house in the south east is the most desired home in the UK.
Given the choice, a quarter of us would snub an 18th century mansion in favour of a far more modest family-sized detached house, while 21 per cent of us dream of living in a cosy country home. Surprisingly, only one per cent of house hunters are searching for a posh designer flat, with most of us preferring a more humble abode.
A mid-sized semi-detached house would suit seven per cent of the population, but less than five per cent of us would like to live in a small terraced property, according to the company’s research report. The same number would like to live in an executive home or a suburban mansion. Not surprisingly, just one per cent would consider their ideal property to be a studio flat.
Nearly one million homes are bought and sold each year in the UK, but despite this more than half of us are not happy living in our current home, nearly 50 per cent of homeowners say they would be prepared take less expensive holidays in order to afford their dream home, while 39 per cent would be prepared to dip into their savings. A third would borrow extra money and 31 per cent would downgrade their cars to free-up some money to afford to move.
Once considered tacky, seaside properties have seen a marked rise in popularity, as more than one third of us would like a home by the sea. As a result, seaside towns have become a more solid investment given the current market conditions, thanks to high demand from those seeking to retire and their popularity with second home-buyers.
After seaside towns, the south has become the most desired location to live in as 18 per cent of respondents would like their ideal home to be situated in the south east. A further 16 per cent say London is their dream location while 15 per cent want to live in the south west. The north west is where 10 per cent of homeowners would most like to reside while eight per cent have set their heart on a home in Wales.
The report shows we are more technically savvy these days too as nearly 85 per cent of home movers said they would start looking for their most desired property in the UK via the internet, while ten per cent would initially go to an estate agency directly. Just three per cent would first look for their ideal property in the local newspaper.
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