properties since the first quarter of 2019 until the third quarter of this year, has risen and women are indeed leading the property buyers’ trend.
Johnson says that young professional women are taking advantage of the low interest rate environment and while there has been a marginal 1.8 % drop in female loan applications this year, female applications continue to outstrip that of male applicants.
On average, Lightstone properties, says there has been a consistent growth in the number of women property buyers when compared to the male buyers. There is about approximately 5 % difference in the number of female buyers when compared to the male buyers.
from being influencers in the decisionmaking process of high-value purchases to now being rightful buyers in their own capacity.
Data from the National Association of Realtors in the USA shows that women now control 80 percent of consumer purchases, they direct 91 percent of housing decisions and guide 94 percent of home furnishing choices.
Women’ s role in the property sector is also varied, from a student looking for student housing options to a working woman looking for a rental home or a single mother looking for the security of her own home. Data also shows that there are an increasing number of female buyers in their twenties.
Women are increasingly looking to build wealth early and view a property purchase as an important aspect of securing their future, Johnson says.
The work from home trend has further boosted demand for homeownership among females, especially those who have taken the opportunity to start their own small businesses or who are in an entrepreneurial or professional role.
The substantial increase of women in the workforce over the past three decades has seen their role progress
SOURCES Seeff & Lightstone Property
SA Real Estate Investor Magazine AUG 2021 23