Green-fingered Brits 'spending on gardens this year'
There has been a significant growth in the level of investment by green-fingered property owners in their outside spaces this year, new figures from HSBC have revealed.
According to the annual HSBC Gardens Survey, UK homeowners plan to spend a cumulative £3.9 billion on improving their gardens this year, with projects such as landscaping seen as an ideal way to boost the value of their home.
The average property owner will spend £185 on updating their outside areas in 2012, with individuals living in the north-east (£253) and north-west (£240) the most likely to splash the cash over the coming months.
Peter Dockar, head of mortgages at HSBC, said: "Britain has traditionally had a love affair with gardens but with households facing financial pressures, people have to make difficult decisions about where to spend their cash.
"Budget for non-essential items has gone down in favour of general improvements, including landscape projects. Improving the general outlook of the garden can not only boost quality of life but also help to increase property value."
According to the findings, while landscaping budgets have risen by ten per cent on average, the amount being spent by Brits on items such as BBQs, water features and other outdoor accessories has diminished considerably from 2011 to just £27.
The survey also highlighted the extent to which Brits like to be outdoors enjoying their outside spaces, with the average property owner spending 95 days out of the year using their garden - including three days a week on average during the summer months.
Furthermore, relaxing was found to be the most popular garden pastime, with 72 per cent of respondents claiming this was their number one use for the garden.
Meanwhile, a survey carried out by HSBC recently revealed what areas of home improvement people view as the most important when trying to sell their home.
It showed that jobs like repainting or varnishing doors, cleaning windows and planting new foliage in the garden were among the most popular in terms of helping sellers to make a good impression.
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