Released on = June 23, 2006, 4:16 am

Press Release Author = David

Industry = Financial

Press Release Summary = People prefer to invest in home improvement

Press Release Body = According to Capital One Homeowner loans, people in the UK have
made up their mind to invest around £ 116.9 billion on their homes in next one year.
A research conducted by the credit card company suggested that the main reason for
this disbursement is to improve property value; investors believe that they can add
£ 10,000 to the price of their home.

London (finance-hub) June 22, 2006: According to Capital One Homeowner loans, people
in the UK are prepared to make a substantial investment of £ 116.9 billion on their
homes in the next twelve months. Research by the credit card company suggested that
main reason for these expenses is to add value to the property, while people have
firm believe that they can add £ 10,000 to the price of their home. Citizens in the
midlands are expected to invest more towards home improvements, with four million
people are planning to invest an average of £ 8,911 each on their possessions.

Research also suggested that people in Scotland are likely to spend minimum over the
next year, with less than two million household investing an average of £ 4,293 from
their savings. Justin Basini of Capital One Homeowner Loans said that so many people
were planning to improve their existing house instead of moving because of ambiguity
over rising rates and stamp duty. He further added that since most of this capital
would be funded through credit, so it was necessary that people should shop around
for reasonable rates.

The average amount of money that would be spent per person on property is
anticipated to be £ 5,478. because of poor weather in May was said to be one of the
reason of the slowdown in the market, B&Q and other home improvement stores have
reported low DIY sales this year, this was not in line with Capital One's research.

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For additional information on the news that is the subject of this release (or for a
sample copy or demo), contact Webmaster: www.finance-hub.co.uk