It says something about a country when the residents are really into self-storage units.
And when I say really, I mean, really.
Home to almost half of Europe’s self-storage units, with around 42,2 million square feet in total, the UK has “four times more self-storage space than the French, and nine times more than Germany,” reports The Telegraph.
Yes indeed, the self-storage industry in the UK is booming, with a growth in demand continuing to outstrip supply.
How’s that for an investment idea? Considering the fact that large properties aren’t going to become more affordable to the average Brit any time soon, it looks like money for jam.
The report also found that 24 new self-storage locations were opened in the last year alone, and are already doing well:
Occupancy increased by almost three percentage points in the last 12 months, to 75.8pc, despite more units being built.
But who are these people that so enthusiastically hire self-storage space? Two-thirds are aged between 40 and 65 years old, with 81% sitting between 35 and 70. Most of them are divorced, and the longest standing customer started renting their first unit back in 1987.
Although there’s no word on what exactly these people are storing, we can only imagine it’s due to how tiny the houses in the major cities are.
Down on the tip of Africa we have our own property boom to deal with, and also our own self-storage unit success story: Stor-Age.
If you are wary about the process, read this breakdown and hopefully, it will put your mind at ease.
[TIP: If you click here, you will totally get 50% off your first month. #Winning. ]
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