The long-time series host made the shock announcement on Wednesday at a Save Britain's Heritage fundraising dinner.
Restoration and the follow-up series Restoration Village recently came in for criticism over the revamp of Manchester's Victoria Baths - winner of the inaugural in 2003.
A BBC spokeswoman confirmed there are 'no current plans' to make a further series of Restoration Village - the sequel to Restoration, which ran for two series.
She added: 'That is not to say that it not come back. We are talking to production company Endemol, which is developing different ideas about how it is working this time.'