Financial prudence driving the trend

The cost of living continues to exert pressure on households, leading to a significant 45% increase in downsizing during 2024. This trend, known as value downsizing—where individuals move to a more affordable property than the one they’re selling—now accounts for 47% of all home moves. This marks an increase from 43% last year and highlights a growing shift towards financial prudence.
Source: The Guardian

Move while you can

Experts are advising homeowners to ‘make the move while you can, before you have to.’ Downsizing, while a tough decision, can lead to a simpler, more manageable lifestyle. Imagine how much easier day-to-day life could be with a smaller home to maintain.
Sam Richardson, Which? Deputy Money Editor, said: 
“Downsizing is far from easy – no house move is – but it can unlock a significant amount of money. Even after additional expenses, such as stamp duty and removal fees, the sums you free up could make a big difference, especially if you’re concerned that your pension won’t go far enough, or you’re looking to help loved ones financially.”
“Added to that is a chance to experience a new community and part of the country, and find a home that suits you, with potentially less maintenance and upkeep required.”

Park home living means less maintenance

Maintaining a large garden can become increasingly burdensome as we age. Many people find the idea of less work very appealing. Downsizing to a home with a smaller garden or even a self-maintaining garden can be the right decision, especially for those over 45 and retirees. Park home living is gaining popularity, with 20% of downsizers in 2024 opting for this lifestyle due to its low maintenance and strong community appeal.

Your new lifestyle awaits

Think about the lifestyle you could enjoy. With money in the bank from the equity you’ve released and living in a quiet, safe, and peaceful location with like-minded neighbours, your quality of life could significantly improve.

Discover Ipplepen Village

A desirable location for downsizers is the thriving Devon village of Ipplepen. Here, you’ll find all the amenities you need, including a small supermarket, post office, two churches, a pub, medical centre, and a village hall. A handy bus stop is located just 100 yards from Haytor View, with the Stagecoach no.7 bus offering regular service to Newton Abbot, Totnes and Exeter. The park is surrounded by the picturesque Devon countryside, with glorious views across to Haytor on the eastern edge of Dartmoor National Park.

Arrange a viewing

To find out more about the modern park homes we have available, please get in contact. Fill out our contact form or call us on 01626 897 294.

Key Statistics and Trends

  1. Downsizing Increase: In 2024, there’s been a 45% rise in downsizing activities.
  2. Value Downsizers: They now represent 47% of all home moves.
  3. Demographic Shift: The average age of those looking to downsize has increased by 2 years.
  4. Financial Motivation: 60% of individuals cite reduced living costs and releasing equity as key drivers.
  5. Park Home Living: 20% of downsizers are opting for this lifestyle.
  6. Preferred Locations: Quiet areas with good access to amenities, like South Devon, are the top choices.