Research by house raffle platform, Winmydreamhome.com, reveals that, while the property raffle sector is enjoying increased popularity, the prize home is only awarded to a winner 19 percent of the time.

In the last four years, house raffles have become increasingly popular. In 2018, there were 24 raffles, dropping to just 8 in 2019 before rocketing to 92 in 2020. So far, halfway through 2021, there have been 62 raffles and counting.

This increase suggests that raffles are proving to be an ever more popular and therefore successful alternative to buying a home on the open market. But, taking a closer look at the data, a ...