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Savills identifies top locations for second homes where wellness takes centre stage

Hybrid working has been widely discussed, but the trend of ‘hybrid living’ – splitting time between a city-base and a second home – is beginning to take off. Flexible work arrangements now allow users to use second homes more throughout the year rather than just a few weeks during peak holiday seasons, creating more than just a holiday home.

An increased emphasis on lifestyle has led purchasers to demand greater indoor and outdoor space as well focus on the wellness credentials and connectivity of their homes, Savills has found in its research on top second homes locations. Each of these has a focus on wellness and is within easy access of some of the major cities featured in the Savills World Cities Prime Residential Index.

In the table below, Savills Research has examined three second home locations within easy access to a major world city and ranked them based on the residential offering, wellness amenities and connectivity:

World city

Top wellness second home locations 

Average price for a three bed+ home in $*

New York

Palm Beach

$7,590,000

 

Hamptons

$2,730,000

 

Bahamas

$4,950,000

Los Angeles

Napa

$2,950,000

 

Puerto Vallarta

$1,850,000

 

Palm Springs

$1,490,000

Hong Kong

Phuket

$1,070,000

 

Bali

$1,530,000

 

Sanya

$2,150,000

Shanghai

Hangzhou

$1,940,000

 

Sanya

$2,150,000

 

Suzhou

$1,720,000

Singapore

Bali

$1,530,000

 

Krabi

$960,000

 

Bintan

$1,030,000

Dubai

Costa del Sol

$1,860,000

 

Maldives

$3,380,000

 

Seychelles

$5,660,000

London

Côte d’Azur

$2,720,000

 

Algarve

$1,240,000

 

Cotswolds

$1,180,000

Paris

Côte d’Azur

$2,720,000

 

Cap Ferret

$3,090,000

 

Méribel

$2,370,000

Berlin

Greek Islands

$1,340,000

 

Mallorca

$2,340,000

 

Lubeck

$970,000

Milan

Tuscany

$1,490,000

 

Sardinia

$1,130,000

 

Liguria

$1,150,000

Madrid

Galicia

$640,000

 

Balearics

$2,340,000

 

Sotogrande

$2,030,000

Geneva

Côte d’Azur

$2,720,000

 

Liguria

$1,150,000

 

Verbier

$9,680,000

*Average taken from a sample of listings for a three bedroom or larger property in each location

Source: Savills Research 

The locations that excel are the ones that offer ample gyms, high numbers of golf and tennis courts and access to spas. Air quality is also a key element in the wellness score as well internet connectivity and the need to be close to a major world city.

“With the increased focus on personal health and wellness, second home locations have to pull double-duty by providing both the traditional sun, sea and countryside as well as the key amenities to promote personal wellness,” says Kelcie Sellers, Associate, Savills World Research. “Looking ahead, we expect some second home markets to become even more domestic and regional as buyers continue to value close proximity to their city base for easy commuting by train or by car,” she adds.

The Côte d’Azur (French Riviera) features as the top destination for three World Cities. The depth of the property market, abundance of wellness activities and strong connectivity has kept this highly international destination on buyers wish lists for over a century.

Spain is a key market for second homes for buyers from across Europe. Sotogrande, the wider Costa del Sol, and the Balearics are key destinations for buyers from Germany, other northern European nations, and as far afield as Dubai. Over the past 12 months, prices in the Costa del Sol and the Balearic Islands have increased more than 10%, as buyers bid up prices for the limited supply of residential property.

For Dubai, which is one of the top performers in the Savills World Cities Prime Residential Index, its strategic location gives its access to second home markets in Asia, Africa and Europe. The top three second home locations listed for Dubai were Maldives, Seychelles and Costa del Sol in Spain.

Swapnil Pillai, Associate Director – Middle East Research said, “With its unique and strategic geographical location, Dubai is easily accessible to the East and the West, allowing its primarily expat residents a range of options to choose from for their second homes. Further, Dubai International Airport is one of the most connected airports internationally, which ensures that people can seamlessly move between their residences located in multiple locations.”


Savills Yoga Index

Yoga has long been associated with wellness. The industry is worth some USD 80 billion and an estimated 300 million people (and counting) practice it.

In Savills analysis of second home locations with wellness credentials, Savills has created its inaugural Yoga Index for those looking for the ultimate retreat. By measuring the number of yoga studios and classes, quality of life, air quality and even access to the necessities such as high-quality leggings and low-cost smoothies, the index can be used to identify locations which might be most desirable for buyers looking to prioritise wellness or for those considering a new business venture.

Bali and Phuket top the index, both well-known destinations, they have built their brands on yoga retreats and getting back to nature. Each location has a high number of yoga studios where classes can be taken for relatively low costs. They also have low-cost yoga essentials and high quality of life scores. Three European locations round out the top five – Liguria, Galicia and Costa Del Sol, which is listed as a second home destination for Dubai.

(See graph below for rankings)

 

 

 

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