House price growth: The one property type outperforming the rest

The latest research by leading residential Park Bungalow provider, Regency Living, has revealed that whilst house price growth has been largely static over the last year, one particular property type has far outperformed the rest when it comes to an increase in value

Regency Living has analysed average house price data in England to see how the market has performed over the last six months and which property type is driving house price performance*.

Regency Living’s analysis of house price performance shows that, despite stability returning to the market of late, house prices have remained largely stagnant over the past six months.

Since August 2024, the average price of a detached house in England has fallen by -1% to sit at a current average of £463,773.

Meanwhile, the average price of a flat has fallen by -0.5% to sit at £254,005.

Terraced homes have fared slightly better, seeing a price increase of +0.4% over the past six months to hit a current average of £258,829.

Semi-detached homes have produced the strongest performance among bricks and mortar property types with price growth of +0.6% since August to reach a current average of £300,502.

While the traditional property market has struggled, there’s one property type that has far outperformed the rest and that’s the residential park home.

Over the past six months, the average price of a park home in England has risen from £135,712 in August 2024 to £144,748 today – an increase of +6.7%.

Sales & Marketing Director at Regency Living, Tim Simmons commented:

“The park home property market is unique in the sense that it’s really one step removed from the wider bricks and mortar sector and so it rarely falls foul of the economic factors that can cause house prices to stagnate.

This is due to a number of reasons. First of all, park homes aren’t subject to stamp duty charges, however, perhaps their largest draw is the speed and certainty of the selling timeline.

Of course, those looking to downsize also benefit from a great deal of equity released when doing so, equity that provides a greater degree of financial stability and many park home providers will also offer a part exchange service, making the process even quicker.

With park home buyers in a far stronger position than most, it also means that park home market values remain far more buoyant.”