These tiny mini-mansions have seen an annual increase of 126 per cent amongst buy-to-let investors who are looking to capitalise on space and make big bucks from one-bedroom studio flats.
Managing director of Landlord Mortgages, Lee Grandin says: There is a chronic lack of desirable residential property, leading to significant price hikes and many consumers being priced out of the market. One of the ways that the housing industry is working to try and combat this problem is by building smaller units.
Despite the move towards smaller homes, landlords who attempt to purchase a petite property often have difficulty finding a lender as many companies will not lend on flats under 25 square metres in base size.
However we believe the trend of the mini-mansion is set to grow and will continue over the coming years as builders realise the advantages of building smaller, more cost effective properties when it comes to buy-to-let, size shouldnt always matter.
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