Johannesburg, South Africa – August 2020; More women are first time home buyers in South Africa than men. That’s an empowering shift from previous trends.
According to Hayley Ivins-Downes this trend has held true for the six years between 2015 and 2020, “and that is despite the dramatic falloff in sales this year caused by impact of Covid-19 and the lengthy lockdown resulting in various restrictions across industries,” says Ivins-Downes. In particular, the real estate industry was not able to operate, and the Deeds Office was closed for months.
First time women buyers (graph below) peaked in 2018 at just short of 43,000 (39%) out of a total of 109,816 – and well ahead of the men’s total of 32,600 (30%).