As the housing market continues to see fewer transactions, new research shows that Britons will spend an estimated £31bn on DIY in the next 12 months, as economic belt-tightening forces them to stay in more and home entertain.
That’s according to research conducted by property website PrimeLocation.com ahead of the Grand Designs Live consumer home show, which found that a quarter of Brits plan to invest up to £5,000 in home improvement over the next 12 months.
The research also reveals a further 20% will spend at least £1,000 doing up their home, whilst 1 in 10 will commit up to £10,000 on home styling in the next 12 months.
The social heart of the home, the kitchen, will be the first port of call for most DIY determined Brits. In second place was the garden as homeowners look to maximise their enjoyment of their outside leisure space as British summer time begins.
Source: propertytalk Live!Google+