Ikea is currently building a village of pre-fab homes in the UK: Creating a community of affordable homes.

These homes will be like nothing else seen before in the UK and will play an important role in helping first-time buyers who have until now been unable to get on the property ladder due to the spiralling costs of buying a house.

While Ikea will market the houses, Live Smart @ Home will build them. It will ask buyers to prove they are within the set income bracket and to register their interest online. Demand is expected to be so high that a lottery will then determine who becomes the first "Ikea villagers".