The holiday caravan/lodge of today is, without question, far superior to those of the early days. Home from home luxury and comfort, double glazed, centrally heated, fully serviced and in most cases - a nice balcony. But it comes at a cost.
An average annual pitch fee including VAT is around £7,000. Rates, electricity, water, gas, insurance etc., another £1,500 per year. Annual transport costs from home to park average £600, totalling - around £9,000 per annum. A serious amount of money for an average working family. That is without the cost of buying the holiday caravan/lodge in the first place.
Speaking with a colleague he told me he had recently purchased a small two bedroom apartment in Spain for £65,000. The complex has a swimming pool, is about a fifteen minute walk from the beach and a five minute walk from restaurants, bars and shops. The complex was developed around twenty years ago and has been well maintained. His annual costs are considerably less than those of a holiday caravan/lodge. Community fees of around £350 per year, plus electricity, gas, water etc.
Flight costs today with minimum luggage can range between £100 to £200 per person return. On the face of it, it seems a far better investment than a holiday caravan/lodge in the UK particularly when you consider this property will increase in value rather than decrease like a holiday caravan/lodge. It seems the message here is loud and clear.
Pitch fees in the UK are too expensive and the ten year rule must certainly now be considered a thing of the past. Food for thought ! Make the most of your luxury holiday home.