Real Estate Investor Magazine South Africa Dec/January 2020 | Page 38

ACQUIRING
Get ahead of the game
Off-plan purchasing for millennials
SIDIMA MFEKU
10.8%
of millennials who bought
homes at the upper end of
the market, i.e. those with a
value of R1.5 to R3 million
and more in 2015-17
Nooitgedacht Village Square phase two
330 000
millennials
who bought homes in 2015-17
36
39.1%
were buying in the R250 000
to R700 000 price category
DECEMBER/JANUARY 2020 SA Real Estate Investor Magazine
36.1%
buying homes in the price
bracket of
R700 000 to R1.5 million.
14%
of millennial homebuyers
bought homes right at the lower
end of the market, i.e. homes of
less than R250 000,
75%
of millennials bought homes
starting at R250 000 up to a
value of R1.5 million in
the three-year period.