- My Account
- Logout
- Register
- Login
DIY TV shows drive £23bn boom
Related Articles
18 September 2002
Market analyst Datamonitor said the lowest loan rates since the Sixties plus popular DIY TV shows were driving a boom. During the first six months of 2002, it said, the number of home improvement planning applications rose 11 per cent.
The UK DIY market was worth more than £23 billion in 2001 with each household spending an average of £900 on DIY. Britons took out £13.6 billion in loans for home projects, and that is expected to rise to £17.6 billion by 2006.
Report author Edward Ripley said: "Rapidly increasing house prices have been partially responsible, increasing homeowners' confidence to undertake expensive projects and reducing their intentions to move in the near future."
People in the South-East and South-West are most likely to embark on major DIY, with 16 per 1,000 households seeking planning permission for such projects in 2001.
In Greater London, 5.5 households per 1,000 applied, but there has been a 42 per cent rise in applications in the first six months of 2002.
Conservatory-building accounted for one in three major projects - making it the most popular and replacing garage-building. In London loft conversion was the favourite DIY option.
Comments
Top stories in News
Top stories in News
-
No end to Tube nightmare as commuters warned of MORE chaos tonight
-
Double dip recession is worse than feared as UK faces ‘hurricane’
-
They attacked "like a pack" raining fists on a defenceless legal secretary. Yesterday they walked free from court. No wonder their victim says she has been denied justice.
-
Mayor demands report from Transport for London into Jubilee Line nightmare that left hundreds of commuters trapped for hours underground
-
Author Will Self flees with his children after roof of £1million Georgian Stockwell townhouse collapses
The O2
Check out the cool stuff happening under our tent such as the hottest gigs, comedy, sport, films, clubs, bars, restaurants and much more.
Can you imagine a career in teaching?
Be inspired to teach - let real teachers show you how rewarding the job can be.
Playing a game-changing role during the Games
Cisco is providing the solutions for London 2012's complex IT needs.
Win a Silverstone track day with Zantac 75
Feel the burn of a different kind - 20 Silverstone motoring experiences to be won
Reader Offers email A fantastic selection of
offers, giveaways and
promotions.
Cannes Film Festival - in pictures
Biggest ever image of the Queen, and she also appears made out of stamps, cheese and BEER
Man v Woman v Food: the big burger challenge
New kids from the Bloc: new wave of Russians settling in London
London drug dealer pictured himself with bags of cannabis and wearing crown of £20 notes
BarChick: Janet's Bar