'Tis the spending season

News at Trigghomes | 12/12/2023


'Tis the spending season



'Tis the season of generosity, as the UK gears up to allocate a staggering £27.6 billion for Christmas gifts in 2023—a notable surge of 37% from the £20.1 billion expended in 2022. Unveiling these numbers reveals a compelling perspective, with the yuletide gift budget constituting slightly more than a quarter (27%) of the cumulative spending on property transactions this year, which has reached nearly £104 billion.

45.8 million adults in the UK (86%) plan to buy Christmas gifts in 2023, a decrease from 89% of adults in 2022.

Interestingly, it appears that the younger generation, Gen Z, is poised to be the most generous this holiday season, planning to shell out an impressive average of £828 per individual.
Source: #Dataloft, UK HPI (data to September 2023) based on the average transaction values, Finder