The Rise of Bungalows in the Fife Property Market (Watch/Read/Listen)
Jim Parker
July 17, 2023
During the pandemic, the property market experienced a surge in demand for larger Fife homes with spacious gardens. However, the tides are shifting, and a new trend is emerging. The combination of an ageing Fife population, the post-Covid trend for early retirement and economic uncertainty has sparked a newfound love for downsizing.
And surprisingly it is the bungalow, often overlooked in favour of more glamorous options, that is now left, right and most certainly centre in the spotlight.
As average mortgage rates have risen above 6%, middle-class families facing financial constraints seek alternatives to their larger homes.
Bungalows are becoming increasingly the preferred choice for those looking to downsize.
