South African women lead property market as buyers outnumber men

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The latest data from Lightstone has revealed that South African women outnumber men when it comes to buying property, Cape {town} Etc reports. Lightstone’s managing executive for real estate, says women-only buyers account for 2 154 000 (38%) of stock owned and 1 883 000 (33%) of co-owned properties.

According to Hayley Ivins-Downes, Lightstone’s managing executive for real estate, women-only buyers account for 2 154 000 of stock owned and 1 883 000 of co-owned properties.Mixed-gendered couples outnumbered both men-only and women-only buyers a decade ago. However, the numbers started to change in 2016, Ivins-Downes said.

In 2022, women-only buyers surpassed mixed-gender couples, ultimately dominating property ownership, albeit at lower values . ‘Furthermore, this welcome shift reflects broader trends in economic empowerment and changing societal norms where we are seeing women not only as home buyers but as investors, leveraging real estate as a means to build wealth and secure financial independence.

Geffen adds that several factors have contributed to the shift, including financial independence, higher educational attainment, career advancements and societal shifts towards gender equality.

 

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