Unable to move house, homeowners are turning to improvement projects as the next best alternative.
Despite interest rates falling and further rate cuts expected, moving house remains an rare event in current times. House prices have fallen a long way over the past year and opinion indicates that further reductions are very likely. That, combined with the reduced availability of mortgages, the fear of higher unemployment and of course the high costs with moving home have caused many people to pick the option of home improvement as a more savory alternative.
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