The park home sector increased by 14.6% in 2022, according to new data released by park home selling specialists, Quickmove Properties.
Quickmove Properties has analysed the number of new park home dispatches to residential parks each year since 2012.
Last years’ figures show that 1,800 brand new park homes reached the market in 2022, as the sector continued its post-pandemic recovery.
Back in 2020, market supply stuttered due to the pandemic with numbers falling by -25.7% when just 1,300 new park homes were delivered.
However, in 2021, the sector improved, delivering 1,570 new park homes and an annual increase of 20.8%.
This growth trajectory continued into 2022, which saw the sector increase by a further 14.6%.
Mark O’Dwyer, sales director at Quickmove Properties, said: “It’s great to see the park home sector going from strength to strength since the pandemic.
“The irony is that while Covid-19 may have initially hindered park home production, it has no doubt gone on to help bolster the sector in the years since.
“This is largely because modern residential parks offer a great sense of community, security, and, often, a lifestyle removed from busy urban centres.
“For many, these important aspects of life were stripped from them during the prolonged period of lockdown restrictions, and this has no doubt bolstered the appeal of detached bungalow-style park homes, which are socially distanced by design!”
He added: “Park homes also offer great financial freedom due to the equity released through a bricks and mortar sale and this financial stability has also become of great importance in recent times due to the cost-of-living crisis.
“So, while the bricks and mortar market may be starting to struggle, we fully expect the strong performance of the park home sector to continue into the future as demand for affordable downsizing options continues to soar.”
