The Quickmove Properties Demand Index measures demand for park homes in England on a quarterly basis and is calculated by measuring the number of park homes currently listed on the market against those that have already been sold subject to contract. For example, if there are 100 homes on the market and 50 are SSTC, demand is 50%.
Regional breakdown
Regional demand is at its highest in the South West where 26% of all current park home stock has already sold, followed by the South East (25%) and West Midlands (25%) where demand was also notably high.
The West Midlands has also enjoyed the largest quarterly increase in demand, up from 19% in the first quarter of this year, to 25%, as silver downsizers look to make their forever move.
County-level park home demand
On a county level, England’s park home hotspot is the West Midlands county (62%) after recording the strongest quarterly growth of all counties, from 26% in Q1.
Warwickshire and Hertfordshire complete the top three hottest spots for park home demand at county level at 38% a piece, enjoying quarterly growth from 23% and 27% respectively.
Mark O’Dwyer, Sales Director at Quickmove Properties, commented: “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.
"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.”
