March 29, 2019
HOW TO ASSETS ASSOCIATED WITH MOTHER’S DAY GIFTS COMPARE TO PROPERTY?
- It’s Mothering Sunday this weekend and across the UK mums are set to be treated by their loved ones. Mintel estimated around £600 million was spent on Mother’s Day in 2018, with cards and flowers being the most popular gifts.
- For those who want to splash out on mum, how have values for other asset types fared? Over the past year the price of cocoa beans, the key ingredient for chocolates, has risen by 15.9% while gold is up by 6.2%.
- In comparison, fine wine and diamonds are slightly cheaper this year than last, suggesting a UK property purchase could have made a more lasting gift for mums over the past 12 months, as home prices have risen by 1.7% on average in that time.
- However, at £228,000, the average UK house price may be slightly more than most Mother’s Day budgets allow.