While the national news has been full of doom and gloom concerning Brexit, the park industry is positively thriving. As the consequences of the UK leaving the EU is still undetermined, much uncertainty prevails amongst both businesses and individuals as to what the financial fallout may bring. However, the prediction for the park industry is further growth, despite the backdrop of Brexit. Both annual trading figures, as well as the demand for park home ownership, has been on the rise for the last four years this is set to continue.
Throughout 2016, as Britain was making a good economic recovery until the prospect of Brexit manifested. It was clear that the referendum result on leaving the EU came as a surprise to the government, illustrated in their lack of preparation and clear united vision. Following the Brexit result, we have seen a new Prime Minister take over, creating a new cabinet, and a unstable government with a coalition with the DUP.
It was expected that this uncertainty for Britain would result in the markets falling for the British Pound against other major world currencies. The Retail Price Index (RPI), which is used in the park industry (percentage equivalent to any change) as a measure to increase the ground rent (pitch fee as a legal term) had made a 2.2% increase in November 2016.
The new Chancellor, Philip Hammond, announced in his most recent Autumn Statement that there would be £23bn of extra spending over the next 5 years, which would include transport infrastructure. This has an obvious benefit to both residential and holiday parks. The investment in transport infrastructure is thought to especially benefit those parks which are at present not well connected. Large areas of land are set to be acquired in order to make this happen, which will include compulsory purchasing from acquiring authorities.
Commercial property was to be re-evaluated for business rates as from April 2017. New rateable values have been imposed, and this has included park home site owners, who are highly likely to be seeing a change in business rates. This concerns non-domestic properties, commercial properties in other words, and is of concern to the site owners, however not the park home residents themselves.
The weather was kind to us in terms of delivering a good summer and a dry Autumn throughout 2016, and so this had a beneficial effect on the number of people enjoying holidays in holiday parks across the UK. The wetter weather of 2017 has failed to put a dampener on such holidays, and park owners have seen another busy summer.
As the value of the pound fell last year, more people holidayed at home in the UK due to increased foreign holiday prices, and a disappointing exchange rate. This same thing has attracted foreign visitors to the UK in order to take advantage of the bargains from their end, and many of these tourists have visited the UK holiday parks. It has been reported that a large amount of park owners have seen revenues increase since 2016, with an upward trend being shown.
As well as holidaymakers visiting UK park homes, there has also been a rise in park home ownership, amongst both homeowners and corporate companies. Part of this is due to people choosing to holiday at home in the UK, and being able to enjoy park holidays whenever they choose, however another aspect of this growth is due to the concept of living in park homes becoming more familiar and accepted.
We saw several new parks created in 2016, and 2017 so far, with more set to open in 2018. As these mobile home parks become more attractive, people are leaning toward choosing them for full-time residence due to safety and security, affordability and an intimate community feel. Others are choosing this as a way of owning a second home, as a peaceful place to getaway to whenever they choose, or to rent out. This trend is on the rise as the possibility of owning a second property in Europe becomes more complex.
In terms of the housing market, house prices have continued to rise despite warnings and predictions, although certain areas in the UK have turned a little stagnant. We saw higher rates of Stamp Duty introduced in April on second homes too. We have seen buyers part exchanging their bricks and mortar homes in order to get a quick sale for downsizing to a park home, either due to retirement, or just in favour of living the park life.
The national housing crisis, as well as older generations now living longer, have made all related industries take a look at their model. Downsizing to a park home is a way that elderly people can live a more affordable retirement, releasing equity by selling their existing property, not to mention reap the benefits of living in a safe and secure community. As newer and more attractive parks are created, the more desirable the concept becomes for people of all ages.
Sell My Group have sold a wide variety of park homes throughout 2016, and 2017 so far. Whether you be looking for a large luxury lodge, or a modest mobile home, we have an ever growing portfolio of beautiful and modern park homes sold, and for sale.
Below we have documented just a small sample of the park homes that we currently have to offer for sale. If you are interested in any of the park homes below, or wish to look at more, visit our web page at https://www.sellmygroup.co.uk/park-homes/buying
If you are interested in viewing or buying any of the park homes for sale, simply get in touch with us at Sell My Group for more information.
Bronzerock View is located in the picturesque 16th century village of Holcombe, which lies almost directly between the popular seaside towns of Teignmouth and Dawlish, a few minutes of the beach and the fantastic Devon countryside…
Home Farm Park have both single and double park homes for sale. Located in a rural setting, this peaceful site is just a few miles from the market town of Nantwich, rich in history and character. Nantwich is on the Cheshire Plain, and sits on the banks of the River Weaver and the Shropshire Union Canal. This park holds a full 12-month residential site license, making it the ideal place to permanently relocate to.
At the time of writing, Heather Bank Park have 23 new plots available, ranging in size. Set in 18 acres, right by the Glennifer Brae Country Park, Heather Bank Park also offers breathtaking views of the East Renfrewshire countryside. This is the ideal peaceful community for those who wish to live in a beautiful Scottish location, in a modern park, with convenient access to Glasgow Airport. These contemporary park homes come fully furnished and with private gardens, as well as a 10 year structural warranty.
This is a new exclusive development, designed for the over 50’s market, set in stunning rural countryside. With so much nature on it’s doorstep, this place is a must for keen walkers, or for those who prefer a gentle pace of life. At Presthope Grange you will find a friendly community, in a modern, well maintained and secure site.
Alderlee Park is a fully residential park with twenty five homes, set in a semi-rural location within easy access of Southport. This is extremely convenient as the main road is on a bus route. Alderlee Park is designed for the over 55’s market, with a peaceful community feel, and a well maintained site.
This exclusive residential park home development is situated in the beautiful grounds of what was the Cunninghamhead Mansion House. Only 3 miles from the Scottish town of Irvine and the wonderful Ayrshire coast, the park is ideally located for those who want peace and quiet and yet still like to be within easy distance of local amenities. New homes start from just £79,000, and you can enjoy the local sandy beaches, as well as the culture.
Welford Chase is perfectly situated deep in the stunning Warwickshire countryside, on the banks of the River Avon in the village of Welford. Welford is situated only five miles from the historic Stratford Upon Avon and is also less than ten miles from the stunning area that is the Cotswold hills. Our village of Welford is very much steeped in history and never fails to bring joy to our Residents as it provides a lovely peaceful place to live that provides plenty to see and do. The Village has three public houses, two shops, a garage, a bowls club, a sports club, an 18 hole Golf Course, a children’s play area, allotments and two Churches.
If you require further information on buying or selling park homes, please do not hesitate to contact us:
Sell My Group, Universal Square, Devonshire Street North, Manchester, M12 6JH
0161 393 6116
Sell My Group is the trading name of Sell My Park Home Limited Co Reg: 08870396
This publication is intended as a general guide, for information purposes.
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© Sell My Park Home Limited 2017