As featured in Estate Agent Today on 18th April 2023
Homes have decreased in size every decade since the 1950s, despite house prices rising exponentially, according to new data.
Intriguingly the average living room of a newbuild in 2020 is nearly 20% smaller (194.9 sq. ft) than the average 1950s home (237 sq. ft). The detailed study of 450,000 UK houses going back to the 1930s, highlights that rooms were at their smallest in the 1930s, in the wake of a deep recession, with the average living room 172.6 sq. ft., master bedroom of 165.7 sq. ft. and kitchen 132 sq. ft.
Samar Shaheryar, co-chief executive of Spring, said: “Modern day house hunters are chasing less space for more money. The rise in home entertainment in the 1950s saw a significant increase in living room sizes, before the 1970s volume housebuilder made its mark with rooms getting progressively smaller since. This is due to some developers maximising the number of plots on a piece of lands.”
Independent buying agent Emma Fildes, founder of Brick Weaver, added: “With available land at a premium, it is little surprise to see a shrinking of homes through the ages. In some cases this means a decline in quality as the focus moves to maximising plots and expediting builds as quickly as possible. One way to offset this is to have a large variety of developers in the market, particularly SMEs who are less focussed on high volume and more on innovation, quality and where available, space.
Article can be found here