This Sunday 22nd March will be Mother’s Day in the UK. A survey by GlobalData estimated £1.6 billion was spent celebrating this day in 2019… that’s the equivalent to just over 6,800 average-priced homes.
At current prices, £1.6 billion equals the cost of around 8,400 terraced or 4,400 detached properties. In London, this would purchase 1,723 detached houses, or in Wales 14,000 apartments.
Coincidentally, a similar sum of just over £1.6 billion, was collected from the 3% second home levy across England in 2019.
Whether it’s your mum or someone special you’ll be celebrating or remembering this Sunday, here’s hoping some sunshine adds some warmth to your day during these uncertain times.
At JDG we’re continuing to find new ways of staying connected with our clients, tenants and homeowners in Lancaster and Morecambe.
If you would like to talk to us about any aspect of buying, selling or renting a home in these changing times, you can call us on 01524 843322. We’re always here to help.