A high-street bank has named 2005 as the Year of the Garden.
A study by Standard Life Bank has found 94 per cent of UK homeowners plan to spend money on their gardens this year. One in 10 are planning sprees of up to £4,000.
The spending statistics bring some good news to the retail sector but, as the study shows, with Britons spending an average of eight days a month gardening — and over 50 per cent of them asking friends to help — the landscape sector might not do so well.
Half of those surveyed said they were motivated to tackle the garden because of the potential increase it could add to the value of their property.
Others, however, are not so confident. A Garden Centre Association representative said: “I admire Standard’s optimism and I’d like to think they’re right but it’s been a very average year so far.”
Industry analysts and some retailers share the view, suggesting a down turn in consumer spending within the garden retail sector.
Have you registered with us yet?
Register now to enjoy more articles and free email bulletins
Sign up now