House prices are rising, inflation is up and we now have to deal with Brexit. Could this be the reason an increasing amount of people are deciding to not only holiday, but also to make a caravan their home?
This industry’s popularity has boomed over recent years, and it appears landowners and property developers are choosing to invest in this hugely popular and lucrative hobby and – now increasingly – way of life.
According to the National Caravan Council, the caravan industry contributes more than £6 billion every year to the UK economy. In 2016 there was an 11.4% increase in the sale and dispatch of new leisure vehicles and motorhomes registered, when compared to the previous year.
The total number of touring caravans, caravan holiday homes and motorhomes saw a 10% increase in sales over the same period. Motorhomes saw the highest increase in popularity, with sales sharply rising by nearly 20% in just 12 months.
Bruton Knowles is an Associate Membership of the British Holiday & Home Parks Association, which is owner-administered and the principal organisation looking after the interests of Home & Holiday park owners throughout the UK.
We recently attended the Association’s annual conference in Birmingham to speak to caravan park owners and people who had an interest in the development of the industry. It was great to be part of such a positive event that celebrated the growth and development plans of this thriving industry.
With over one million leisure caravans, and around 100,000 residential park homes, in use across the UK, the industry is certainly booming. With living and house prices rising, an increasing amount of people appear to be investing in caravans as an alternative to holidays abroad and indeed a permanent home.
We offer advice on many outdoor leisure developments, businesses and proposals, typically when offering consultancy services regarding farm diversity and more recently to lenders investors and owners of rural leisure businesses.