Property market woes may encourage new kitchen fittings

Britons weighing up whether to invest in new kitchens may be encouraged to press ahead by new figures relating to the UK housing market.

Santander has revealed that 1.1 million Britons have attempted to sell their homes since June 2009, compared with just 725,000 successful property transactions.

Furthermore, the company noted that over half (53 per cent) of those who tried to relocate cited a failure to find a buyer as the main barrier to their aspirations.

Commenting on the figures, estate agents Savills claimed that the situation is likely to continue for the remainder of 2010.

This may provide the perfect opportunity to improve a property with a contemporary kitchen in preparation for when the market eventually begins to recover.

"The economy is slowing and we expect the housing market to slow down again in the second half of this year," said Jacqui Daly, director of research at Savills.

"We do expect transaction activity to stay low - where it is now."

Writing for the Manila Bulletin recently, Carlomar Daoana advised homeowners weighing up how to progress with their new kitchen design that the area is rapidly becoming "the new living room".