WITH mortgages being harder to get hold of, homeowners are making the most of what they have rather than moving on.
Latest figures from OnlineTradesmen.ie show a 40% increase in large home extensions in the 12 months to June. “Urban centres account for most of them,” says Ted Laverty, chief executive of the website. “Extensions were up in rural areas, but only by 12% or 13%.”
The cost of extensions may be increasing, but it is still only 20%-30% of the level when the economy was at its peak. The average spend per sq m is €1,004 nationally, €1,123 in Dublin and €932 in rural areas.
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