The global wellness real estate market size was worth around USD 279.4 billion in 2021 and is estimated to grow to about USD 863.9 billion by 2028, with a compound annual growth rate (CAGR) of approximately 20.70% over the forecast period.
The burgeoning wellness real estate sector can meet the world’s enormous health concerns today. Giving people’s wellness a top priority while designing, building, and redeveloping homes and areas is the primary goal of wellness real estate activities. The movement did not originate from anything; instead, it took the wellness idea from numerous historical and contemporary trends, merging the best aspects via a multifaceted wellness lens.
The green building, design-driven, and food movements already have many widely recognized components. In addition, forthcoming residential projects and communities that emphasize wellness are already incorporating new types of urbanism, intentional communities, and creative ways.
The wellness real estate market will be driven by an increase in supplier alliances and partnerships throughout the projected period. To fulfill the rising demand for buildings that adhere to the WELL Building Standard in both the commercial and residential luxury housing sectors, residential and master-planned communities and luxury houses are being built up. Developers increasingly include outdoor yoga studios, medicinal gardens filled with relaxing herbs, and meditation courtyards in their residential developments to preserve wellbeing among the affluent housing sectors. Additionally, wealthy homebuyers expect eco-friendly homes constructed with natural materials and interior design components supporting mental clarity.