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The Independent UK
The Independent UK
Business
Vicky Shaw

More than half of homeowners ‘improving rather than moving as costs bite’

New bathrooms, garden upgrades and kitchens are among the most common makeovers, according to Compare the Market home insurance (Joe Giddens/PA) - (PA Archive)

More than half of homeowners are choosing to improve their property rather than move, a survey suggests, as mortgage rates and wider living costs bite.

Some 52% of 1,000 homeowners surveyed across the UK said they had either renovated over the past year or plan to do so in the next 12 months, according to research for the Compare the Market home insurance team.

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