More single women than single men are buying homes
But a report notes that women are still faced with legal constraints‚ employment and income limitations‚ and exclusion from economic policymaking decisions
SA is seeing a shift in the ratio of single women to single men among homebuyers. John Loos‚ household and property sector strategist at First National Bank (FNB)‚ says the country is seeing a slightly higher percentage of single women buying homes than single men. "For 2016 as a whole‚ couples buying property were by far the largest estimate as always‚ estimated at 83% of total buyers. By comparison‚ single females made up an estimated 10.3%‚ while single male buyers were 7.0%. "Taking it longer back‚ it seems to have been the case too‚ with the average estimate for single female buyers being 10.2% of total home buyers over the period 2010 to 2016‚ while single male buyers were estimated at 7.2%‚" said Loos. A recent report by Statistics SA stated that the number of households headed by single women was about 14% of the population. Women empowerment and growing earning power has helped shift the ratio of homebuyers. According to Cindy Beets‚ head of marketing at Lightstone Properti...
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