Today’s post by Riaan Grobler shows distinct generational differences in property transactions across selected South Africa’s popular suburbs. In Fourways, transactions are dominated by young professionals and families. In affluent Camps Bay, a generational handover is underway as a large share of sellers are in older cohorts who are downsizing to make way for wealthy middle-aged buyers. Meanwhile, the Canal at St Francis Bay caters to a significantly to an older demographic, where a large share of sellers and the bulk of incoming buyers are older than 50, seeking quieter lifestyle properties.
