If we delve into the annals of history, we’d find real estate as a domain that was dominated by men to a large extent.
When navigating the world of property transactions, individuals often seek the expertise of both conveyancing solicitors and property solicitors. Conveyancing solicitors ensure that the transfer of ownership is legally sound, while property solicitors provide invaluable insights into broader property-related legal matters.
Even in a developed country like the US, men were considered superior sex and perceived to be the decision-maker when it came to buying a domestic or commercial property.
However, there has been a paradigm shift in this patriarchal attitude over the past decade, and women’s participation in decision-making and investing in real estate has increased tremendously.
Rise of Women Investors
Despite the pandemic hampering the economic growth, there has been a steep rise in women investors in the United States. Having broken the shackles of patriarchy and emerging at the forefront, women are investing in much larger numbers than they used to.
Carrying the baton forward is a new generation of women, especially millennials, who have been actively involved in the real estate market and contributing to its recent growth.
As per a survey conducted by Fidelity, women in the U.S. are opening new brokerage accounts and are heavily investing in various investment avenues.
The 2021 research from Fidelity suggested that the number of women in the US who have shown more interest in investing has risen by 50% since the inception of the pandemic.
Another recent study conducted by Fidelity in 2022 derived conclusions that those women who were surveyed earlier had either started investing in the past six months or have channeled their investment for the upcoming year.
Another report by buisnesswire on Fidelity analysis of retirement plans also found that there has been a 26-percent increase in IRA accounts opened by young and middle-aged women in the first three months of 2022.
With all sorts of data in consideration, it’s safe to say that women are not just actively contributing to the real estate business, but also leading from the front.
Why Women are Better Investors
The statement in itself may irk people who live under a blanket that women’s role is to take care of the household and men are the one who earn bread and butter for the house.
Well, times have changed and so have the investing scenario. The only problem with women investors is they do not have the belief that they are good investors. However, the recent numbers seem to suggest a different story.
Again, taking Fidelity’s 2021 Women and Investing study into consideration, women have been outperforming males by 0.4-percent, on average. Not just this, women have been making significant gains in accumulating assets. Numbers also suggest that about 50-percent of female investors surveyed have saved $20,000 or more outside of their retirement accounts and emergency funds, with 20-percent saving $100,000 or more. These numbers clearly shut the critics who have ever doubted women’s role in investing in real estate.
Why women investors matters?
If you are still not convinced on how and why investments in real state empowering women, let’s discuss this topic in two basic points.
Our point number one is all about appeal. Whether you like it or not, accept it or not, but the fact is female investors actually capture stronger rates of return than men is a downright fact.
If you are still pondering this matter, take the pandemic as a leading example.
A report by the New Indian Express revealed that more women lost their jobs in the pandemic than do their male counterparts. Putting the World Bank numbers to the fore, 42% of women lost their jobs when compared with 31% of men who lost theirs.
Clearly, women aren’t favorite here, but that doesn’t mean they are not capable of empowering themselves. I don’t mean to show empathy or pity here. But women are more focused on the financial goal and not on the mere thrill of investing, and thus it becomes important to support them in their endeavors.
How investing in real estate empowers women?
But, the important question arises. Is investing in real estate really empowering women? If yes, then how? Imagine owning a flat in LA and renting in throughout your life. Well, you are financially secure.
The same is the case with women investing in real estate. It makes them financially independent, and even if a rough patch arrives in their personal or professional life, you can rely on your property serving you.
It is comforting for women who are in search of independence, especially after a bad relationship or divorce.
Pandemic and women investors
As aforementioned, the pandemic did have its share in repelling women from investment and focusing on other aspects of life. What everyone thought would be my way or the highway for women turned the opposite, as they didn’t bend down to the challenges and rather invested more in real estate.
To back up the narrative, a report by social investing app eToro suggested that about 58-percent of female investors became more interested in investing during the pandemic. More or less, investment in real estate is empowering women in the U.S. to new heights as a bright future awaits them.