Over-55s are increasingly turning to a £144,748 housing alternative as rising property prices push traditional home ownership further out of reach.
New figures suggest older buyers are opting for more affordable, age-focused living options as they look to downsize, unlock equity or avoid the costs and pressures of the wider housing market.
Many are turning to park homes as a practical housing solution, with properties averaging £144,748 – less than half the price of traditional bungalows now commanding £335,000 or more.
The shift comes as the nation grapples with a severe shortage of single-storey accommodation.
Bungalows account for merely nine per cent of UK housing stock, totalling around 2.7 million properties, whilst new construction remains at historic lows.
Park home values have climbed 6.7 per cent in 2025, rising from £135,712 in August 2024, even as availability dropped by 2.2 per cent since early 2024.
Planning policies favouring higher-density developments have left many retirees and those with mobility needs priced out of the conventional bungalow market, pushing them towards these community-focused alternatives.
A nationwide survey found that cost savings and reduced household expenses represent the chief motivations for choosing this lifestyle.
Respondents highlighted the appeal of ground-floor accommodation, which proves particularly suitable for those entering retirement or managing health conditions.
Tranquil countryside and coastal settings where these communities typically sit also drew residents, alongside the prospect of close-knit neighbourhoods with helpful neighbours.
Over-55s turn to £144,748 housing alternative amid rising prices
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The "Park Home Living in the UK" study gathered responses from residents across the country, offering detailed insights into their experiences and satisfaction with this housing choice.
Survey participants described their daily routines as calm and welcoming, with most reporting highly positive experiences of community life.
Residents particularly appreciate the equilibrium between participating in group activities and maintaining personal space, noting that neighbours offer support without intruding on individual privacy.
Regular gatherings including morning coffee sessions, bingo nights, barbecues and seasonal celebrations foster meaningful connections whilst allowing residents to preserve their independence.
A substantial proportion of those surveyed have invested in home improvements
| GETTYA substantial proportion of those surveyed have invested in home improvements, with kitchen and bathroom renovations proving most popular. Many have also fitted enhanced insulation, solar panels, double glazing and modern heating systems to boost energy performance.
The majority confirmed their properties are energy-efficient and economical to run, especially following upgrades. Most respondents agreed that park homes deliver excellent value, providing comfortable living at considerably lower cost than conventional housing options.
Kevin Minnear, Head of Underwriting at Compass Insurance, commented: "This survey provides some fascinating insights into the park home lifestyle and confirms what we've observed in our customer base that park homes offer an attractive, accessible, and affordable living option for many people, particularly those downsizing or entering retirement."
House prices have soared in some regions | GETTYNathan Goodyear, Managing Director of Berkeleyparks, which operates 59 residential sites across England and Wales, noted rising interest among older buyers seeking spacious, affordable and accessible properties with community benefits.
He observed that modern park homes offer move-in-ready accommodation with contemporary fixtures, private gardens and supportive neighbourhood environments.
Those considering a purchase are advised to conduct thorough research, including reviewing site regulations, consulting existing residents and commissioning specialist surveys.
Understanding all associated costs such as pitch fees and resale charges is essential, as is engaging solicitors with park home expertise.