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The Guardian - UK
The Guardian - UK
Business
Robert Booth Social affairs correspondent

Housing crisis drives £1bn-a-year boom in UK self-storage

A customer moving possessions at a storage facility in Manchester
Deeply depot: shuttling to and from a self-storage facility is becoming a routine part of urban life for hundreds of thousands of people. Photograph: Christopher Thomond/The Guardian

Britons have packed away enough possessions to fill Buckingham Palace more than 60 times over as the housing crisis, enduring consumerism and a sentimental reluctance to let go of inanimate objects means self-storage is now on the brink of becoming a £1bn-a-year business.

Self-storage units are proving cheaper than renting or buying a bigger home and are springing up alongside new housing developments across the UK, with at least 280 more stores planned between now and 2026 – a more than 10% increase.

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