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Property owners choosing to improve rather than move

Posted byTulloch Priest
Tulloch Priest
Founding Member of Priest Properties Ltd
User is currently offline
on Monday, 11 July 2011
in UK Property Market
According to new research from the Royal Association of Chartered Surveyors, more homeowners are choosing to improve their current homes as opposed to moving. Its thought that the sluggish state of the property market is prompting this phenomenon, and it tends to be more prevalent in areas where the property market is more depressed, such as Ireland and the West Midlands, as 75% of people in Ireland chose to improve, while in the West Midlands this figure is 71%.  Somewhat surprisingly, even in areas such as London where the market is relatively healthy, people are choosing to stay put, perhaps because...

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