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aspect.co.uk survey reveals recession’s impact on the property renovation sector on Fri 20th November, 2009

-aspect.co.uk survey reveals recession’s impact on the property renovation sector-


More than two thirds (70 percent) of London’s homeowners are planning to upgrade their properties in the next year, according to a recent poll conducted by the property maintenance and refurbishment firm, aspect.co.uk, www.aspect.co.uk.

Due to the current economic climate and the repercussions experienced in the housing sector, this group plans to ‘stay put’ for some time, and to make the most of the properties they live in.

In contrast to this, 24 percent of those surveyed have no intentions of undertaking property refurbishment work, as they do not want to spend money in the current climate.

On a more positive note, 14 percent of those polled do have plans to sell their property in the next year, and intend to refurbish to a high standard, in order to help facilitate a sale.

Commenting on the survey findings, William Davies, managing director at aspect.co.uk, said: “The recession has had an enormous impact on the property sector, which includes the effect it has had on property maintenance and refurbishment firms operating within it.

“Whilst it’s positive to see that homeowners plan to upgrade their properties, this seems to be purely down to the reason that they can not envisage the market picking up enough to warrant a property move in the next 12 months. They are therefore spending money and updating their homes.


“I did find it alarming that 24 percent of those polled do not intend to update their properties. It is imperative for homeowners to undertake regular property health checks. This will prevent unnecessary breakdowns, and will also help to avoid more major problems later on down the line. If you are a property owner, then don’t delay the inevitable; being prudent now is likely to save you money in the long-term.

“At aspect.co.uk we are seeing clients spending on their homes. And, this year, has seen record numbers of property refurbishments. This reinforces the 70 percent finding that homeowners do not plan to move in the next year.”



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Notes to editors

About aspect.co.uk:
aspect.co.uk is a leading property maintenance and refurbishment company operating across the domestic and commercial sectors.

Specialising on all areas of maintenance, from the drains to the roof and anything in between, aspect.co.uk sets new, modern and highly professional standards. The company provides both reactive emergency breakdown maintenance and planned and estimated works.

aspect.co.uk prides itself on the fact that its engineers turn up on time for their scheduled two-hour appointment window. The company does not charge hidden costs, such as parking, congestion charge or travel time, and jobs are completed as professionally and promptly as possible.

Founded in 2004, aspect.co.uk has grown at over 100% year-on-year. The company is based in South West London, and operates primarily across the city and all areas inside the M25.


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