Global Wellness Institute has released new research that states there will be substantial growth in the wellness real estate market. The market has seen almost 100% growth from 2017 at $148 billion to $275 billion in 2020. The number of wellness-focused residential projects have also increased three-fold from 740 in 2017 to more than 2,300 in 2021.
During the pandemic period from 2019-2020, the industry experienced further growth, increasing more than 22% in spite of the overall construction sector seeing a decline by -2.5%.
All the top 20 national markets for wellness real estate show a huge 3-year growth, with Japan at 360% growth and Canada at 240% growth. The other strong contenders were US, China, UK, Norway, Italy, France, Netherlands, Denmark, and Finland.