Park home sector enjoys 15% annual increase in market size

The latest figures from park home selling specialists Quickmove Properties, show that 1,800 brand new park homes reached the market in 2022 as the sector continues its remarkable post-pandemic recovery.

Quickmove Properties analysed the number of new park home dispatches to residential parks each year since 2012.

The numbers show that market supply stuttered due to the pandemic, just like the rest of the property sector, with numbers falling by -25.7% in 2020 when just 1,300 new park homes were delivered.

But, in 2021, the sector proved capable of a quick rebound by delivering 1,570 new park homes, an annual increase of 20.8%.

And the sector has gone from strength to strength by increasing deliveries by a further 14.6% in 2022 with 1,800 new park homes over 12 months.

Sales Director at Quickmove Properties, Mark O’Dwyer 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!

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.”