As we step into 2024, the momentum gained in 2023 – with women emerging as the primary driving force in property ownership – is expected to continue reshaping the real estate sector.
Source: Supplied. Stefan Botha, director of Rainmaker Marketing.
The latest data from Lightstone continues to underscore the trend, revealing that women have solidified their dominance, constituting an impressive 60% of new property buyers in South Africa.
The trajectory, evident from the substantial growth in women-only property purchases, rising from 18% in 2016 to 22% in 2022, demonstrates the escalating influence and financial independence of women in the real estate sector.
Building on this trend, I anticipate a continuation of empowering events and initiatives focused on women in property.
2023 reflection: A catalyst for future trends
The thought-provoking webinar hosted by Rainmaker Marketing during Women’s Month in 2023, titled “Women in Property,” served as a catalyst for discussions on the evolving landscape of women in property ownership and the broader real estate sector.
The valuable insights shared by the distinguished panelists were well-received, emphasising the changing dynamics of female property ownership behaviour and the empowerment of modern women in the property market.
Here, these leading women in real estate offer key insights they’ve gained in their journey in property investment and offer expert advice for 2024.
“Modern women are leading the market, and there’s an exciting new trend of empowered, decisive women within property ownership,” says Pamela Naidu, director of sales and marketing at Devmco Realty.
“Knowing when the best time is in your asset’s lifecycle to consider disposing of the asset is key to successful property management,” says Kim Pfaff-Karg, chief investment officer at Spear REIT.
Sumenthree Moodley, investor relations executive at Liberty Two Degrees, says: “Start now. Collaboration and networking are the cornerstones to a successful project.” While, Kgaogelo Mamobolo, representing Emerging African Property Holdings adds, “Collaboration and networking allow you to achieve far more than on your own. There’s always a friendly face out there to help you achieve your goal.”
Marianka Victor, chief executive officer and founder of Ancora Retail, notes: “Innovation involves holding onto that bigger picture vision and taking small steps each day to work towards it.”
Looking ahead to 2024 and beyond
Rainmaker Marketing remains committed to championing inclusivity and celebrating the leadership of women in the property sector. As pioneers in the industry, the company is dedicated to staying ahead of property trends and shaping the future by embracing diversity and innovation.
The anticipation is high for what 2024 and the next five years will bring, as the industry continues to witness the upliftment and growth of women within the property sector.