Statistics indicate that the UK self storage industry is continuing on its upward curve as more people are turning to storage facilities. Demand for storage is higher than ever where the UK leads Europe with 47% of the total number of facilities. Small businesses use self storage as an extension to the office which helps reduce overheads and adds convenience. This has only added to the overall value of storage facilities as their purpose and use continues to expand.Continue reading
Looking at the flourishing self storage industry in the UK, it becomes clear that more people rely on storage facilities. The fact that people generally use self storage at critical stages of their lives makes all the difference. This can include anything from moving, downsizing, starting a family, kids going off to Uni or starting a business.
Whether we like to admit it or not, most of us simply have too much stuff but not enough space. Storage at most homes and small businesses is limited so people have to make alternative arrangements. Contrary to what some may believe, self storage is possibly the safest, easiest, most affordable and flexible solution.Continue reading
The uncertainty around Brexit combined with fewer foreign buyers and a higher stamp duty is affecting the UK housing market. For the first time since 2009, the country is experiencing negative growth and not even self storage facilities are exempt.
Late last year, economists predicted that a range of factors could impact house price growth in 2018. These include continued economic and political uncertainty over Brexit, the possibility of further interest rate hikes, falling real wages, weak consumer confidence and mortgage affordability. The Land Registry reported that the average house price growth in the UK, until April, was just 3.86 per cent. At the same time, the Royal Institution of Chartered Surveyors found that the level of homes on the market has remained constant at a record low for more than a year.Continue reading