Entrepeneurial woman a new force in SA property market

Entrepreneurial women are a significant new force in the SA property market,
says ERA South Africa CEO Gerhard Kotzé.

"A recent report shows women in South Africa are matching men step for step
when it comes to starting and running their own businesses, putting local
female entrepreneurial activity at the same level as in developed countries
like the United States and Finland," he notes.

"The report is based on an international study by the Global
Entrepreneurship Monitor (GEM). It shows that, on average in the countries
surveyed, there are 50 percent more male entrepreneurs than women, but the
more entrepreneurial a country, the more likely women are to start their own
businesses.

"And in keeping with its findings on SA, we are seeing a rapidly increasing
number of women buying first their own homes and then investment properties
out of the profits of their own entrepreneurial businesses."

To underline this trend, says Kotzé, the latest FNB Residential Property
Barometer, which reviews activity in the residential housing market on a
quarterly basis, reveals that 20 percent of buyers in the last quarter of
2005 were single women, up from 15 percent in the previous quarter.

"These statistics do not reveal the age of such buyers, their marital
history or the source of their income, but again, our actual experience
suggests that most single women purchasers are owners of or partners in an
entrepreneurial business.

"It also shows how their preferences for certain types of property - notably
low maintenance, high security units - are definitely now helping to shape
overall housing demand, and the acceptance of higher-density living."

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