As house prices soar could self storage be your solution?
With people in small properties unable to move due to sky high house prices, many are turning to self storage in order to store excess items and create more space in their small property.
Therefore, in this articles Boylin’s Self Store is here to outline the situation with the housing market as well as the benefits of self storage.
How are Soaring House Prices affecting People’s need for Self Storage?
Yorkshire and The Humber experienced the greatest monthly price rise, up by 7.1%.
The North West experienced the greatest annual price rise, up by 18.6%.
Therefore, for an increasing number of people self storage units have become a longer-term option due to current rising house prices. Almost a third of customers have had their unit for more than three years, while over a quarter (27%) say that they use their self storage because there is no room for the items where they live.
The average household in the UK is 2.4 persons, which is larger than both Germany and France, yet we have the smallest average property size, making the UK population “one of the most squeezed in Europe”, according to the SSA (Self Storage Association).
So, it’s not surprising that people are turning to self storage units, with it cheaper to rent extra space than it is to buy or rent a larger home, explains the SSA’s Chief Executive, Rennie Schaferas he calls a self storage unit “a room away from home”.
He adds that “people know their stuff is safe and, with most self storage units offering 24-hour access, they can get to their goods whenever they want to.”
Therefore, in the current housing market it is cheaper to rent a smaller property and add the cost of a self storage unit on, than it is to rent a larger home.
This is confirmed by the share of people who are currently using self storage in the UK from 2018 to 2021 is at an all time high as it has risen from 1.29% in 2018 to 2.28% in 2021. Moreover, 5.8% are considering using it in the next 12 months, thus showing it is a growing market and could be a great benefit to YOU.
House Prices Increasing = Self Storage Demand is Rising During and Post the Pandemic:
House prices shot up suddenly during the pandemic as many people fled previously desired properties in bustling cities to rural areas. This panic driven mass evacuation of cities has led to higher house prices and demand for larger properties.
Consequently there has been an increase in demand for self storage for those who cannot afford to move due to the current housing market. Indeed, with home prices escalating nationwide, so-called starter homes have become more expensive and some new homeowners are opting for smaller spaces. This could translate into a steady demand for storage as homeowners will be renting or buying smaller home spaces but use self storage to ensure they don’t have to sacrifice many of their precious belongings while inhabiting a smaller space.
Moreover, the self storage industry has been buoyed by the pandemic people carving out space for home offices or classrooms in their cluttered home space. Furthermore, many people have become tired of living in a cramped space filled with no longer needed items and have undergone the monumental task of decluttering their home during lockdown, placing sentimental, bulky or unnecessary items in self storage for the time being.
During and post pandemic self storage has acted as an extra closet or bedroom and commercial clients that lease storage for inventory or supplies rather than expanding their offices. The steady income and expectations of a continued reliance on storage even when the pandemic wanes have led to consolidation in the industry.
Indeed, it is believed that this demand for self storage will continue as people have grown accustomed during the pandemic to having extra external space for their belongings. Therefore, it’s a logical step for you to invest in a self storage unit and reap the benefits it provides during this time of sky high house prices.
Here’s How a Boylin’s Self Store Solution can benefit YOU:
Every single one of Boylin’s Self Store’s containers are wind and water tight as well as completely secure. All of our sites benefit from state of the art CCTV and barrier controls which are only accessible through individual key or fob. Therefore, by investing in a self storage unit you are investing in the guaranteed safety of anything you store in your container.
At Boylin’s Self Store, want to make your life as easy as possible with our affordable containers. For as little as £9.45pw, you can obtain a completely safe and secure external space for your treasured belongings! We even give you your second month’s rent for Half Price, just to give you an extra helping hand! You can even verify that you are getting the best deal through our handy price match guarantee, so that you know you’re in the safest, most affordable hands.
You can use our interactive tool to help establish what size container you need! This will help to save you time, money and stress in your self storage search!
At Boylin’s Self Store we have a variety of different Northern locations, in order to be as close to you as possible. We have sites in Barnsley, Bradford, Leeds, Rotherham, Sheffield, Wakefield. Visit our website to find your nearest Boylin’s location. It’s so simple, just enter your town or postcode to find your closest storage location and directions.
As well as having a variety of sites all over the country, all of our containers benefit from convenient ground floor accessibility and are available immediately! No pesky waiting periods or tricky stairs to tackle!
Furthermore, every one of our sites are accessible during the convenient hours of 06:00 – 18:30 Monday – Friday, 08:00 – 16:00 Saturdays, and 08:00 – 14:00 Sundays. Therefore, wherever you are, and whatever the time, Boylin’s Self Store is here to help you!
For self storage newbies or veterans alike, we are devoted self storage specialists who pride ourselves on our depth and breadth of knowledge that allows us to find a storage solution for anyone and everyone!
While Boylin’s Self Store is undeniably a smaller business than our big brand competitors such as Big Yellow Storage. However, with Boylin’s you will gain access to an affordable and secure self storage unit, which comes with outstanding, friendly local customer services.
Moreover it is especially important during this economic crisis caused by Covid-19 to support smaller, local businesses. Therefore, it is better to invest in us as a welcoming local storage provider, as opposed to an impersonal big corporation, as we can provide you with the personal touch as well as the best deal.
You can also visit our news page for fresh and informative content regarding self storage, including many Tips and Tricks to help You out Further!
We provide all of these services so that you can find your best self storage solution as easily as possible.
Contact us today by emailing email@example.com or calling Us on 01226 321 800.
If You are in Need of a Self Storage Solution due to the Housing Market Crisis, Boylin’s Self Store is here for You in Your Hour of Need!