According to figures from park specialist Ouickmove Properties, property owners free up a whopping £100,010 on average when downsizing to a residential park home…

The past year has seen record numbers of retirees moving to modern, luxury residential park developments in rural or coastal locations. Most are driven by the need for more suitable sized property, as well as the promise of a welcoming community of likeminded residents.

Another big benefit for home owners is the amount of equity released when downsizing to a smaller, more manageable single-storey property. Residential park home and partexchange specialist, Quickmove Properties, reports that the value of equity released when customers downsize to residential parks is, on average, a staggering £100,010. (Based on 227 most recent completions, October 2021).

Quickmove’s sales director, Mark O’Dwyer, commented: ‘Demand for bungalow-style homes in the countryside or by the sea has never been higher, with many parks close to selling out. Hundreds of buyers secure their dream home using our property partexchange service, avoiding the usual stress of selling their existing property on the open market. They also enjoy the fact that, on completion day, we transfer a significant amount of money to them!

‘Some will immediately re-invest all the cash, while many purchase their holiday of a lifetime, or buy a modern new electric or highpowered car. Sometimes an amount is gifted to family members or simply enjoyed as a cushion for the retirement.’

Quickmove’s five-star rated property partexchange service lets customers buy their brand new park home and sell their existing property with ease.

The service offers speed, convenience and certainty, with Quickmove handling all dealing with estate agents, park operators and solicitors. Customers also value being able to keep the keys to their existing home for up to two weeks after completion, so they can move out at their own pace.

Read more advice and news in the January 2022 issue of Park Home & Holiday Living