recycling spaces


Renovation rules the roost No longer overshadowed by new construction, creatively renovated interiors are enjoying


their time in the spotlight


With our current financial climate and difficulties of the unsettled economy, slow property sales offer most first-time buyers a challenging task to put together a deposit for a new property. Those already on the property ladder, who are finding buyers hard to come by and therefore unable to move, are renovating rather than relocating.


I


personally believe most people are emotionally attached to their properties by either its contents or the mortgage, so it can be acutely


26 Interior Design Today


stressful during these turbulent times when we are repeatedly hearing that property prices, across the UK, are stagnant at best. For this reason a clear majority of British homeowners believe that renovating their current property is a much more financially wise option than moving home in the current market unless they absolutely have to move due to work commitments for example. With mortgage lenders tightening their policies and the continued uncertainty hanging over the housing market, improving your current property is by far a smaller risk than buying a


By Nico Yiannikkou


new one. It seems homeowners are thinking strategically with their hard earned cash. Investing in their home now could reap financial rewards should they wish to sell once we start to see a recovery in our fleeting economy. As an interior designer I’ve found more and


more recently that clients and friends of clients are investing heavily in their homes despite continued reports of challenging monetary conditions. Some feel they are adding value to their homes while others, who find themselves stuck on the property ladder, see creating a change in their living environment as an


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