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,...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years