Buyer interest in bungalows has seen a 53% increase since 2004, research from Confused.com mortgages has revealed.
Confused.com looked at how Google searches and social interest regarding bungalows changed over the past 20 years.
In 2004, there was little interest in bungalows compared to today, but Google Trends showed that the 2004 interest score of 12% rose to 65% in November 2023 in the UK.
The report therefore suggested that interest in bungalows had risen 53% since 2004.
Social media users were also showing significant interest in renovating bungalows, with more than 100 million worldwide TikTok views on videos detailing bungalow renovations.
In 2022, bungalows in the UK had an average selling price of £340,000, making them more expensive than semi-detached and terraced houses, which cost an average of £298,000 and £279,000, respectively.
The average bungalow price in 2021 was £314,000, rising by 8.28% from 2021 to 2022.
At the same time, the average price of all properties rose by 4.94%.
Claire Flynn, mortgages expert at Confused.com, said: “Bungalows have seen a revival in popularity in recent years.
“Between 2021 and 2022, bungalow prices rose by 8.28%, which is more than any other property type.
“The average price of a bungalow is cheaper than the average detached property too, at £340,000.
“A bungalow has fewer supporting walls, so owners could feel like they’re living open-plan.
“Detached bungalows also offer an escape from noisy neighbours in semi-detached and terraced properties.
“If you’re thinking of buying a bungalow or any other property you should get your mortgage in principle before you start looking for a house.
“A mortgage in principle gives you the best estimate of what you can borrow, helping you to budget for a new home.
“You can get a mortgage in principle from a broker or directly from a lender. With mortgage rates at their highest level for years, it might be worth using an independent broker.
“They can compare mortgages from across lots of lenders to make sure you get the best deal.”
