Published in Market trends
The Global Rise of Wellness and Its Effect on Real Estate
Explore the $6.32T wellness industry's impact on real estate, from biophilic design to health-focused amenities, driving demand and boosting property value.
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According to a new report from the Global Wellness Institute, a leading industry voice, the global wellness industry was valued at $6.32 trillion in 2023. This represents a 25% growth since 2019, making it larger than the sports and pharmaceutical industries combined.
In the aftermath of the pandemic, high-net-worth individuals (HNWIs) are increasingly prioritizing health and well-being. This shift is creating a ripple effect across the real estate market, with buyers seeking properties that support their lifestyles and wellness goals.
What Does Wellness Look Like in Real Estate?
Wellness real estate is defined as the practice of prioritizing people’s health and well-being in the conception, design, creation, and redevelopment of properties. Here are key elements shaping this trend:
Biophilic Design: Incorporating natural elements into interiors, such as green walls, indoor plants, and floor-to-ceiling windows that maximize natural light.
Health-Focused Smart Technology: Advanced features like air purifiers, water filtration systems, and state-of-the-art HVAC systems create healthier indoor environments.
Community-Centric Amenities: Fostering a sense of connection and support through shared spaces like fitness centers, saunas, and spas.
How Wellness Amenities Impact Property Value and Investment Potential
While these amenities appeal to affluent buyers, they are also gaining recognition as high-value investments. For example, Zillow research shows that homes with a meditation room sell for 1.7% more than similar properties, while those with saltwater pools command a 2.1% premium.
A 2022 survey conducted by the National Association of Realtors revealed that nearly 70% of homebuyers are willing to pay more for homes equipped with features like air filtration systems, noise reduction technology, and access to fitness facilities.
If you are interested in purchasing a home in Spain with tailored wellness features, our dedicated team of advisors is here to make your search seamless and efficient.
