Sotheby's Projects US$8T Longevity Market with 5% Luxury Home Price Rise
COMP•COMP•COMP•COMP•Sotheby's International Realty forecasts the global longevity market rising from US$5.3T in 2023 to US$8T by 2030, with wellness real estate set to top US$1.1T by 2029. Over 55% of US$10M+ agents report rising luxury buyer volumes and 5% price gains.
The Outlook indicates the global longevity market rose from US$5.3T in 2023 and is projected to reach US$8T by 2030. Wellness-focused real estate has more than doubled in five years, targeting US$1.1T by 2029 as health-centered design gains traction.
More than 55% of US$10M+ specialists report increased luxury homebuyer activity over the past year, driving average price gains of 5%. Nearly 38% of top-tier agents cite aging-in-place requirements as a growing purchase factor.
Millennial buyers account for 66% of respondents noting increased participation in US$5M+ segments, fueled by earned and transferred wealth. Lifestyle considerations now outrank taxes, economic stability and political factors for 62% of luxury home shoppers.
