Property surveillance a top priority for home loan shoppers
British homeowners consider security to be one of their top priorities when acquiring loans for the purpose of home improvements, new studies reveal.
Accordingly, the average Brit will spend in excess of £6,000 on top line home security products, which include alarms, video surveillance and even motion sensors. The study further revealed that a staggering 70% of UK homeowners have considered the installation of some form of home security system, with over half of those surveyed prepared to pay above and beyond the national average, for one of the more sophisticated packages.
A spokesperson for the financial institution, which was responsible for the study, stated that an increase in the amount of newly reported break in cases across the UK and a rise in criminal activity in general has caused many consumers to apply serious thought to their own personal safety and home protection. It would appear that many a Brit is feeling a little more vulnerable than maybe they did a decade ago, which in turn has spurred an increase in the amount of consumers willing to go the extra mile, in order to protect their home and indeed themselves.
A separate study has revealed that the British security market is currently valued at £5.9 billion, noting in particular that the number of new home video surveillance installations had increased to around 4 million. As a collective, almost 600,000 people are employed by firms, which operate within the home security arena.
