Shifts in demographics and lifestyle demands for new and different housing have diversified South Africa’s property landscape.
“In recent years, we’ve outgrown the ‘one-size-fits-all’ model and the South African housing market’s evolution is now being steered by two distinct influences – lifestyle changes and broader buyer demographics, Geffen said. “Not that long ago, buyers’ choices were limited to apartments, suburban houses or townhouse developments that all looked the same.”
The number of women-only property purchases is also growing, with more single women entering the real estate market.
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