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Keeping up Appearances: Irish people spending over €3.3 billion on home improvement in 2015

CIF Jobs 07/07/2016

Irish homeowners spend €3.3billion on the repair, maintenance and improvement (RMI) of their homes and apartments in 2015. RMI of residential properties now accounts for 26.7% of the value of construction activity.

Of this €3.3billion, homeowners availed of €846 million through the Home Renovation Incentive (HRI) scheme launched by the Government in 2013. This facilitated over 54,000 home improvement projects in 2015 as people sought to improve existing residences rather than purchase new homes. The extension of the HRI to rental properties in late 2014 has also added further activity to this sector.

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