There has been a rise in demand for homes large enough to accommodate multiple generations, according to Construction Mag UK.  It reports that housebuilder Bovis Homes have received a growing number of enquiries for large properties in the Cambridgeshire area and beyond.

The UK housing market has so far withstood the economic impact of the pandemic very well, with house prices growing in 2020 by an average of 7.3%, according to the Buy Association. Going forward, the strong growth looks set to continue, with the easing of lockdown restrictions, and the continued success of the vaccination programme.

During the pandemic, it is estimated that up to 12% of adults in the UK moved back in with their parents. As job opportunities for the young have been disproportionately affected by the restrictions, many people in early adulthood may remain living in their parents’ homes for years to come.

Bovis Homes note that there has been greater interest in three-storey homes, with room for both younger and older generations under one roof. Charlotte Barber, sales manager for Bovis Homes, said: “With multi-generational living continuing to rise, there is a growing need for more properties on the market which diverge from the traditional home layout.”

Barber also points out that families are looking for properties with extra office space as more people work from home. The traditional ‘granny annexe’ is no longer enough, as adult children, parents, and grandparents find it more convenient and cost-effective to live together, whilst still requiring some space and privacy.

The Buy Association predicts that the strong house price growth of 2020 will ease off slightly during 2021, but bounce back again during 2022. They are particularly optimistic about the prospects for the so called ‘northern powerhouse’ areas of Manchester, Liverpool, Leeds and the Humber.

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