Mid-sized homes are the most in-demand on the current property market with the demand for detached homes fallen due to heightened mortgage costs according to Regency Living.

Demand to purchase terraced homes is 50.3%, with demand for semi-detached properties reaching 50.2% compared to detached homes at only 34.4%.

Tim Simmons, Sales & Marketing Director at Regency Living, said: “Stubbornly high house prices, expensive mortgages, and increased levels of stamp duty appear to be forcing family buyers to opt for mid-sized homes in the current market, such as terraced and semi-detached properties, instead of the more expensive detached properties. 

“As a direct result of this, we’ve seen a rise in the number of people wanting to downsize from larger detached homes, but have been unable to do so due to low demand for such properties at present.”

Demand for semi-detached homes is at its strongest in Bedfordshire (61.5%), Tyne & Wear (60.9%), and the City of Bristol (59.6%), while demand for terraced homes is highest in South Yorkshire (60.6%), Greater Manchester (59.7%), and Bedfordshire (58.9%).