Cost of living crisis fails to put off self builders

Those looking to build or renovate their dream house have not been discouraged by the cost of living crisis, according to a report by the National Self Build and Renovation Centre (NSBRC). A survey of 644 aspiring home builders shows more than half of respondents agree the current economic climate has had some effect on their plans. Importantly, however, the vast majority still intend to press ahead, with only 2% put off – reflecting the fact self build tends to be more resilient than the rest of the housing market. Almost half (47%) of respondents said they would be taking on more of the work themselves to save on labour costs. Others are taking a more long-term view, with over a third planning to make their build more energy efficient in order to keep bills down.

28 June 2023