Home improvements on the move as bank sees big rise in loan applications

Bank of Ireland figures show that average borrowings are up to €12,000 in the first three months of this year

12th June, 2016
More and more people want to make improvements to their homes Pic: iStock

Home improvements are back in vogue, according to new lending and tax data.

New figures from Bank of Ireland point to a 25 per cent jump in applications for home improvement loans by consumers in the first three months of this year compared with the same period a year earlier, a sign perhaps of an improving economy.

The average loan amount being sought has also increased, rising by 20 per cent from €10,000 to €12,000. However,...

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