What’s behind the bungalow boom?

‘Bungalows are almost perfect,’ as the old gag goes. ‘They only have one floor.’ But these once unfashionable properties are rapidly becoming anything but a joke. While the mortgage crisis is cooling most sectors of the housing market, demand for bungalows is growing.

Estate agents report the properties receiving dozens of offers, selling for tens of thousands over the asking price or being snapped up before officially going on the market.