UK homes 'possess £74 billion in gadgets'

Homeowners in the UK keep 400 million pieces of gadgetry in their properties, totaling approximately £74 billion.

Research from HSBC group first direct shows that televisions are the most common electronic items for people to buy, with Britons spending £29 bn on sets each year.

Laptop and home computers ring up a £10 bn at checkouts and online per annum, it added, with mp3 and DVD players also popular.

It may be that homes with a large amount of expensive technology inside face larger home insurance bills, or risk more by not taking out a policy.

"This research indicates just how much the UK population relies on technology," said Chris Pilling, chief executive at the firm.

One of the must-have items for technology lovers this Christmas went on sale earlier this month.

The iPhone from Apple will set consumers back £269.99 and is only available in the UK on a contract with O2.



Related Articles:
Wedding day 'can be paid for with loans'
Bank reports increase in home improvements loans
Vehicle depreciation 'can be sped up by smoking'
Holidays 'will not be cancelled in wake of credit crunch'
Seven million 'have not left the UK on vacation'