Salford Property News
Days of Christmas | 'Tis the spending season
Dewi Jones
Dec 9, 2023, 13:00 PM
The season of gift giving is upon us. The UK plans to spend a total of £27.6 billion on Christmas gifts in 2023, up 37% from £20.1 billion in 2022.
Unwrapping the data, that's just over one quarter (27%) of the total amount spent on property so far this year. Close to £104 billion has been spent on property transactions this year to date.
45.8 million adults in the UK (86%) plan to buy Christmas gifts in 2023, a decrease from 89% of adults in 2022.
Gen Z is planning to fork out the most, with an average spend of £828 each. Source: #Dataloft, UK HPI (data to September 2023) based on the average transaction values, Finder
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This Blog looks at what is happening in the Salford and Eccles property market. We report on events and community news along with investment ideas and tips for those loosing to invest in the area.
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