Savvy house hunters and property owners are using self storage while they wait for the market to pick up – according to the Self Storage Association UK. Pointing to evidence from their recent industry survey (carried out by Mintel) the SSA suggests people have been making the most of self storage services while they wait for the market to pick up.
Rodney Walker, CEO of SSA UK said, “The slow-down in the housing market has led consumers to turn to self storage to securely hold their items until the housing market picks up when they are able to take advantage of cheaper prices.”
The SSA also points to a second emerging trend: the use of self storage to generate income through the letting of a spare room – which it calculates could generate an UK average extra income of £4500 per year for home owners.
You can read the full Press release here