According to a report in the Financial Times, new pension rules in the UK could see a boost for caravan sales, and they report that Park Resorts, Britain’s biggest caravan park operator is expecting retirees to invest in mobile homes.
The new pension rules make it much easier for people to take their funds as a nest egg and Park Resorts believe that many will invest that cash in UK shores by buying mobile homes that allow frequent short breaks rather than making any overseas investments.
With the popularity of the staycation on the increase, Park Resorts is already riding on high times. The company saw a 7.5 per cent revenue increase last year to £230 million and that’s allowed huge investment into the company with luxury caravans added, glamping, new chalets and even 11 new parks around the UK. The trend itself shows people like short local breaks and it’s not just families either, many older people enjoy the comfort of a UK holiday over the stresses of flying abroad and this is one of the reasons that caravans make the perfect nest egg spend!
Park Resorts has had its own financial problems of late, in 2013 the brand was bought out by Electra Partners after debt refinancing, but since then the company has never looked back. Last year alone the brand invested £20 million into its parks around the UK and they’ve promised a further £20 million investment this year too! This is great news not just for those who are looking to buy a pension nest egg but those who are simply looking for a UK holiday this summer, making Park Resorts a great choice.
Source: Financial Times
By: Kath Cross
