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Home improvement work on the cards for 2015, survey finds

Home improvement work on the cards for 2015, survey finds

31 January 2015 Email this article

More than half of the UK’s homeowners intend to invest in property improvements this year, according to a new survey from Ocean Finance.

They reported that 54% of householders hope to conduct home improvements of some kind, which could mean a welcome boost for the construction industry.

Discussing the report, Ian Williams, a spokesman for Ocean Finance, said that it remains costly for people to move between homes, despite recent reforms to the Stamp Duty system.

As a result, he added: “It’s no surprise that so many homeowners are looking to improve and in some cases extend their existing property.

“Creating more space is clearly a popular option, with 12% of home improvers saying this is their plan. It’s interesting to see that a leading motivation for this is family; whether that’s more children coming along or grown-up kids coming back.”