Buyers from 36-49 years still dominate the residential sales market: [an extract from an article by: Dr Andrew Golding – Pam Golding Property Group – in the PROPERTY PROFESSIONAL – 28 October 2024]
Perhaps not surprisingly, and according to Lightstone statistics, the age cohort of home buyers reflecting growth in numbers since 2018 are those between 36 and 49 years – the largest group of purchasers, while those from 50-64 are also very active buyers and investors.
“This is logical, given that many of these purchasers have paid off their mortgages, with some also accumulating wealth in residential investments, while the younger generation from 18 to 35 years of age is generally faced with greater economic challenges and fewer financial resources, particularly first-time buyers seeking to gain a foothold in the property market.
You can read the Original, Full article here: → https://propertyprofessional.co.za/2024/10/28/buyers-from-36-49-years-still-dominate-the-residential-sales-market/?utm_source=Property+Professional&utm_campaign=687230f1fb-EMAIL_CAMPAIGN_2024_02_05_11_35_COPY_01&utm_medium=email&utm_term=0_-42f52e1e68-%5BLIST_EMAIL_ID%5D&fbclid=IwY2xjawGMb-BleHRuA2FlbQIxMQABHQYVuP_DG8AIDC-_NIlTlZzgQiN48ZlZB9EY_Inl53X6PmdlpABUOaFHgg_aem_amj2_MayBB7TpOhqTD2hGw