"While renovation costs are rising, most homeowners continue to rely on savings (83%) as their primary funding source. Notably, the use of credit cards dropped by 5 percentage points to 13%, reflecting caution around borrowing amid interest rate concerns."
"More than half of UK homeowners renovated their house in 2024, according to the 2025 UK Houzz & Home Renovation Trends Report. Despite economic challenges, the report reveals that renovation activity remains strong, driven by ageing housing stock and a desire for long-term living improvements."
The 2025 UK Houzz & Home Renovation Trends Report reveals that more than half of UK homeowners renovated their properties in 2024, despite economic challenges. The data shows a 26% increase in median renovation spending, with homeowners investing heavily in essential upgrades. Ageing housing stock is a significant driving factor, as most renovators live in older properties. Moreover, a substantial number of homeowners are looking to stay in their homes long-term, influencing their renovation decisions. The report also highlights shifts in funding sources and a reliance on professional services for renovations.
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