Nationwide demand for park homes increased in Q2 of this year, with a fifth of all stock listed for sale already finding a buyer, Quickmove Properties has revealed.
The Quickmove Properties Demand Index calculated demand by measuring the number of park homes currently listed on the market against those already sold subject to contract (SSTC).
Current buyer demand for park homes across England during the second quarter of this year hit 21%, an increase from the first three months of the year when it was 19%.
Regional demand was highest in the South West, where 26% of all park home stock was already sold, followed by the South East (25%) and West Midlands (25%).
The West Midlands saw the largest quarterly increase in demand, up from 19% in the first quarter of this year to 25%.
England’s park home hotspot was the West Midlands (62%) after recording the strongest quarterly growth of all counties, up from 26% in Q1.
Warwickshire and Hertfordshire completed the top three counties for park home demand at 38% each, enjoying quarterly growth from 23% and 27%, respectively.
Mark O’Dwyer, sales director at Quickmove Properties, said: “Demand for park homes is on the rise and it comes as no surprise.
“Silver downsizers are selling their bricks and mortar homes, purchasing a more suitably sized park home, and then using the remaining cash to dive headfirst into the joyful and community-focussed lifestyle that comes with park home living.
“This is especially true for people of retirement age who are clamouring for a better quality of life after decades of working, saving and paying to maintain a traditional family house.”
He added: “In many cases, the leftover funds from their bricks and mortar home are used to boost retirement or handed down to children and grandchildren.
“This is a valuable form of living inheritance, especially during this difficult economic time when younger generations are finding it incredibly, perhaps unfairly, hard to get a foot on the property ladder.”
