WORDS: Staff reporter :: PHOTOS: supplied
Residential property prioritising health and wellbeing is where buyers and investors are putting their money right now.
Over the past few years, there has been a significant rise in homebuyers and investors prioritising a healthy lifestyle when purchasing property, especially in the aftermath of the pandemic. Dr Andrew Golding, chief executive of the Pam Golding Property group, highlights that connecting with the natural environment positively contributes to mental and physical wellbeing, and it has become an instinctive human imperative.
The World Health Organization estimates that 80% – 90% of our health status is influenced by our living environment, highlighting the importance of chosing the right home base for optimum wellbeing.
The Global Wellness Institute (GWI) defines wellness as the active pursuit of activities, choices and lifestyles that lead to holistic health, and the wellness economy includes industries that enable consumers to incorporate wellness activities and lifestyles into their daily lives.
HEALTHY OUTLOOK
According to the GWI, wellness-centric residential real estate has experienced robust growth, driven by the pandemic, with the market expected to jump from $148bn in 2017 to $460bn in 2023 and to reach $580bn in 2025. Additionally, the sales price premiums for wellness residential developments average between 10% and 25% over conventional residential developments.
Biophilic design, fitness and spa centres, indoor and outdoor meditation areas, living walls and soothing water features are some wellness features that may be incorporated into such properties.
All these features provide relief and balance from the ongoing stresses of modern life, creating a tranquil haven where one can relax and unwind, according to Golding.
Savills, a global real estate services provider, has even created a Yoga Index to identify locations that may be most desirable for property buyers looking to prioritise wellness.
WELLBEING FIRST
The growing interest in wellness trends is not only supported by millennials and Generation Xers but is also embraced by the world’s ultra-wealthy. The GWI reports that personal wellness is the top priority for 90% of luxury homeowners, who find homes that include amenities for personal wellness, such as home spas, gyms and meditation spaces, extremely attractive.
The appeal extends across all income ranges, with nearly 30% of consumers willing to pay a premium for real estate that prioritises wellness. According to the GWI, SA was ranked 28th out of 150 countries in the 2020 Global Wellness Economy Country Rankings. The report reveals the different wellness sectors’ economic contribution to countries.
WELLNESS PROPERTY OPTIONS IN SA
The Barefoot Palace
Garden Route
This off-the-grid eco hideaway outside Plettenberg Bay in The Crags offers a tranquil escape from city life. Situated on a sprawling 22.71 ha property with an indigenous forest as its backdrop, it is perfect for those who seek a private sanctuary or a yoga/wellness retreat. Nicknamed “The Barefoot Palace” by its current owners, the property allows you to enjoy a sustainable and self-sufficient lifestyle without compromising on modern comforts. Available at R12.9m through Pam Golding Properties.
Elaleni
KZN North Coast
Elaleni is a boutique estate situated near Sheffield Beach, offering residents an escape from the bustle of the city while being close to amenities. The estate features specially designed homes set in beautifully landscaped gardens, which provide ample opportunities for forest walks, enjoying stunning coastal views and experiencing a variety of specially cultivated plant life. In addition, residents have access to a terraced vegetable garden, allowing them farm-to-table harvesting. For beach lovers, Elaleni offers a private beach club where residents can enjoy breathtaking sunrises over the ocean and take a refreshing dip in the pool or the ocean. Homes start from R2,979 000.
Amohelo Ho Spitskop farm
Free State
Amohela Ho Spitskop is a unique rural property located in the Eastern Highlands of the Free State near Clocolan and Clarens. With a price tag of R14.995m, this expansive 164 ha country retreat and conservancy is marketed by Pam Golding Properties. The farm prides itself on being environmentally conscious, using no chemical fertilisers, poisons or pesticides. This approach has helped the farm to flourish with wild and native plants, wild flowers and bees. Moreover, a range of healing and soothing medicinal products are available for purchase, locally and online. Amohela Ho Spitskop is peaceful retreat that aligns with values of sustainability and wellness.
Polofields
Midrand, Gauteng
Polofields, located in Waterfall City and developed by Balwin Properties, is a residential development known for its homes with luxurious fittings and finishes, and landscaped gardens.. The Polofields Lifestyle Centre, which has won numerous awards, serves as a wellness retreat for residents, featuring amenities such as a heated swimming pool, sports facilities, and a spa. For those who prefer outdoor activities, there is an outside yoga deck and a pathway that meanders around the dam, ideal for taking a walk or a run. Polofields offers apartments starting at R2.5m or R3m without transfer duties, or rental options ranging from R14,000 to R18,000 per month.
