Property Flash


More South African women – especially single women – are buying property for financial security and to generate an additional income across South Africa.

“The Sheconomy is gaining momentum as women increasingly take charge of their financial independence. Although women still earn disproportionately less than men, the salary gap is narrowing, and women have more buying power than before,” said Carl Coetzee, CEO of BetterBond.

“They are buying property to assert their financial status, to provide security for their families and to generate an additional income,” he said.

Globally, women make up 48% of the economy and 35% of the workforce, according to the Global Sheconomy Research Report (2022). The Sheconomy is set to outpace the economies of the world’s largest nations within the next five years. The report also says women from emerging economies, such as South Africa, represent some of the foremost investment opportunities, particularly when it comes to real estate.

Women, either on their own or in partnerships, own more than half of registered properties in SA, according to research house, Lightstone. Also, at The Property Show late last year, Marika Grové of RE/MAX said the number of female property buyers increased from 36% in 2019, to 43% in 2020.

“This is partly because women are getting married later and investing in property on their own without a spouse or partner,” said Coetzee. 

Statistics South Africa reports that the median age for women to marry has shifted from 31 to 33 in the past decade. Men usually get married at around 37 years of age.

“Interestingly, the average purchase price of properties for buyers in the 30 to 40 age group has increased by 8.23% to R1.5m, according to BetterBond data for January, bolstered in part by the fact that more women are focusing on careers and financial stability before settling down,” said Coetzee.

“So powerful is the Sheconomy that Lightstone reports single women property buyers outnumbered men and married buyers over a five-year period from 2015 to 2020. Anecdotal feedback from our real estate partners suggests that this is still the case, as more women look to property for financial security.”

Many of these buyers will opt for sectional title properties that offer peace of mind, minimal maintenance and a sense of community.

“Affordability is always a consideration and the recent 10% rise in the transfer duty threshold to R1.1m, will give more women an opportunity to buy property. Lightstone puts the current average price of a sectional title property at R1.066 million, well within the R1.1m transfer duty threshold,” said Coetzee.

Women are not only seeing property as a long-term investment, they are also seeing it as a means of generating additional income. The Airbnb financial report for the last quarter of 2022 states that the majority of hosts are listing homes in which they live, and more than half of these are women.

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