Over one fifth of UK homeowners have added a shed, workshop or garage to their property in the past five years, a new survey reveals.
The poll, conducted by esure home insurance, shows that of the 2.2 million outhouses built in the past year, 1.5 million were sheds.
This is thought to be the result of a surge in home improvement and signals a trend toward owners improving their properties rather than trading up.
Matt Grayson, spokesman for BM Solutions says: “Building a shed is a creative way of adding value to a property. It is refreshing to see that rather than withdrawing equity from their homes, some people are deciding to add value instead.”
But Grayson adds that it is “highly unlikely” his company will be lending money on new shed builds in the near future.