A survey conducted by AA Personal Loans has revealed that home improvement loans are still popular among people in the UK, despite the recession.
The company's figures revealed that the demand for loans which will be spent on home improvements has not fallen off, despite the ongoing economic downturn.
According to the poll, around one-quarter of properties in the UK are set to have home improvements work done on them during the downturn and 24 per cent of the homeowners planning the improvements will be adding an extra room to their house.
Mark Burgess, editor of Estate Agency Times, said: "Understandably, some people might not be keen to take out a personal loan at the moment, but additional bedrooms or reception rooms typically add the most value to a property."
Recently, a study by Sainsbury's Home Insurance revealed that many Brits are adopting a DIY approach to renovating their properties.
The company's figures revealed that the demand for loans which will be spent on home improvements has not fallen off, despite the ongoing economic downturn.
According to the poll, around one-quarter of properties in the UK are set to have home improvements work done on them during the downturn and 24 per cent of the homeowners planning the improvements will be adding an extra room to their house.
Mark Burgess, editor of Estate Agency Times, said: "Understandably, some people might not be keen to take out a personal loan at the moment, but additional bedrooms or reception rooms typically add the most value to a property."
Recently, a study by Sainsbury's Home Insurance revealed that many Brits are adopting a DIY approach to renovating their properties.
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