It’s not about the destination, it’s about the journey.
A recent trend among the wealthiest people is to own and live permanently on a luxury yacht, as opposed to flying first class or living in a stationary house.
For some, what was once a vacation rental has become a status symbol and a new way of living. Yachts have become longer, sleeker, and more technologically advanced over time, with features such as helicopter pads, movie theatres, and even infinity pools.
The pandemic has forced people to confront the importance of leisure time, and now homes are being designed with amenities and appliances that reflect this change. Sustainability and biophilia have become popular design trends, as people increasingly seek ways to connect with nature.
Living on a boat provides an opportunity to do this while also enjoying changing views and locations creating comforts that rival traditional homes do not provide, making them an attractive option for the ultra-rich.
In addition, yachts provide their owners with the freedom to move about at will, docking in different ports worldwide as they please. As such, it’s not surprising that this new normal has become increasingly popular among the super-wealthy.
Somnio, an only-invitation uber-luxurious yacht set to completion in 2024, is the perfect example of what we’re talking about. With residences starting at $20 million, these 6-star apartments come complete with globe-trotting amenities like a gym, personal kitchen, and library, as well as a private terrace. Seamless travel has never been so luxurious and customizable.
There is growing trend of wealthy people living in yachts, which indicates a high demand for luxurious and functional buildings – even in land-locked areas.
This why it’s necessary to have variations and different price tags to satisfy different buyers and demographics.
It is essential to focus on analysing trends and behaviours to provide the customer with what they are looking for, in order to create a successful project. What do you think of this trend? Would you ever consider living on a yacht? Let us know in the comments!