
£27.6 billion on christmas presents! How much do you spend?
Christmas spending is predicted to be up by 37% in 2023
The season of gift giving is upon us. The UK plans to spend a total of £27.6 billion on Christmas gifts in 2023, up 37% from £20.1 billion in 2022.
Unwrapping the data, that's just over one quarter (27%) of the total amount spent on property so far this year. Close to £104 billion has been spent on property transactions so far this year.
45.8 million adults in the UK (86%) plan to buy Christmas gifts in 2023, a decrease from 89% of adults in 2022.
Gen Z is planning to fork out the most, with an average spend of £828 each.
Source: #Dataloft, UK HPI (data to September 2023) based on the average transaction values, Finder