4 Reasons Why Millennials Should Invest in Real Estate

There are over 14 million millennials in South Africa and chances are you’re one of them. I am also a part of the infamous millennial demographic. It’s no secret that millennials get a bad rap. There are so many stereotypes out there about our age group. We’re said to be lazy, naive and entitled.

I don’t fit into any of these stereotypes and most of my friends don’t, either. In fact, we’re the opposite. I started my own multi-million dollar real estate company several years ago, have launched a mentorship program and love learning new things.

What many older people fail to realise is that millennials were born between 1981-1996, making the oldest millennial 38 years old today. We are not the young and reckless teenagers that many make us out to be.

In reality, we’re at an age when we’re launching our careers, getting married and even having children of our own. However, given the current state of the economy in South Africa, many of us have concerns about being able to do any of these things. I had the same fears until a couple of years ago when I started Infinite Property.

It was then that I realised the secret to financial security: property investment. Not only is it incredibly lucrative to invest in property in South Africa, but we can be even more successful as millennials investing in real estate.

Here’s why:

We need bigger retirement funds

We need retirement funds just as much as the generations that came before us. Petrol, food and rent are all more expensive today in relation to salaries than they were 20 years ago- and there is no sign of cost of living decreasing anytime soon.

Increasing costs of living means that we need to have double or triple the retirement savings that our parents had. Luckily, when we invest in property in South Africa, we can make sustainable and dependable passive income.