Factors like health, family, security, and space have become the new luxuries of our time and our homes have, by extension, become one of the most outward expressions of these esteemed values.
And although money probably can’t buy happiness, it can certainly buy the very best in comfort, practicality, functionality, convenience, and style.
Here is a look at the key trends that have emerged in the luxury sector as a direct result of the pandemic:
Larger homes are hot
After a long few years of spending an inordinate amount of time at home, it’s hardly a surprise that the ‘less is more’ trend of the last few years has been supplanted by ‘bigger is better’.
In the recently released 2021 report published by the Coldwell Banker Global Luxury® programme, nearly 55% of the 40 Luxury Specialist respondents said that additional square meterage was the prime buyer priority that changed between 2019 and 2020.
Many listed mega-mansions, expansive homes with acreage, family compounds, and even private islands as the ultimate social-distancing retreats.
It’s not just the outdoors itself which has become more important to affluent buyers, they are looking to optimize their outdoor spaces with dedicated areas for various functions such as working, entertaining, and dining.
And they want these spaces to be an extension of their stylish interiors so that both areas merge seamlessly through the use of features like expansive glass and shutter doors with design, décor, and furniture reflecting the same caliber as inside the house.
Designers and architects are reporting that biophilic design, a method of connecting the interior of a home to nature, has become an increasingly common request since lockdown began, with people looking to replace solid walls with glass and sliding or louvre doors to connect interior and outdoor spaces.
It used to be that multi-generational living was primarily for the purpose of saving money or getting a foot onto the property ladder, but lockdown and being unable to see loved ones for months on end has taught everyone, regardless of status, the value of quality family time.
There has therefore been an increase in demand for homes that are large enough for parents, grandparents, and children to live in comfort along with additional staff quarters and generous outdoor areas and gardens.
The Statement Office
With working from home being the new normal for many people, it’s no longer practical to work at the kitchen counter or dining table and most of us have begun to remodel spare rooms into offices or create a dedicated workstation in a less used space.
However, for those who can afford it, a statement office has become a very sought-after interior design request and these fully-fledged home offices have all the bells and whistles, including tech capability, smart design, and even libraries.
In order to separate work and home life, the office space not only has to be fully functional and appealing but also has a different feel, design, and style to the rest of the house.
Virtual meetings have not only eclipsed traditional meetings in the workplace, but they have also been our lifeline to loved ones during the pandemic.
And, with this form of communication likely to remain prominent for the foreseeable future, many people are crafting aesthetically pleasing backgrounds – or Zoom stages - for these calls.
However, some are taking it a little further by creating conference rooms with a large screen, high-tech audio-visual equipment, and cinema-style seating so that multiple people can participate.
Key design elements include good lighting and a backdrop of well-hung works of art, objet d’art, and greenery.