Ikea flatpack houses

The well-known Swedish furniture chain, Ikea, is branching out and launching its own range of flatpack houses in the UK.

There will however, be no dodgy instructions or allen keys in sight as the houses will come readymade. Flats will be priced at under £100,000 and the company says it expects to sell three bedroomed houses, even in south-east England, at less than £150,000. The homes will all have high ceilings, double glazing and be fitted out with Ikea kitchens and trademark wooden floors.

They believe that because of the struggles first-time buyers are experiencing, demand will be huge. The first Ikea houses are expected to be built in Gateshead early next year, followed by Glasgow.