SAPIN CEO: Here’s how SA’s youth can be empowered to get into the property sector

As South Africa commemorates Youth Day, a stark reality looms over the nation - over 43% of the country's young people are unemployed. In a bid to address this pressing issue, the SA Property Investors Network (SAPIN) believes that property investment holds the key to empowering the youth and unlocking opportunities for generational wealth. Andrew Walker, the CEO and Founder of the SA Property Investors Network, spoke with CNBC Africa to shed light on how their platform is equipping young South Africans with the tools and knowledge needed to enter the property sector. The SA Property Investors Network serves as a national platform for aspiring property investors, catering to individuals of all ages who are looking to venture into the property market. Whether they are young and ambitious or seasoned investors seeking to expand their portfolios, SAPIN aims to provide the necessary guidance and support to navigate the complexities of property investment. Walker emphasized the importance of taking control of one's financial future, highlighting the lack of financial literacy that often hinders individuals from entering the property market. One key aspect of SAPIN's approach is to offer property entrepreneurship education to young people interested in various facets of the industry. While direct property investment is one avenue, Walker emphasized that there are multiple ways to generate income through property, such as property management, real estate agency, or tradesmanship. By understanding each individual's goals and aspirations, SAPIN tailors its guidance to help them embark on their unique journey in the property sector. Financial barriers, including affordability and credit records, pose significant challenges for many aspiring property owners in South Africa. Acknowledging the need for a holistic approach, SAPIN focuses on equipping individuals with the necessary financial education to improve their creditworthiness and manage their income effectively. Walker stressed the importance of cultivating a long-term perspective, stating that readiness for property ownership may require years of preparation and financial stability before making the leap. Amid the backdrop of the COVID-19 pandemic, the property market has witnessed notable shifts, with residential properties emerging as a favored choice for young investors. As the commercial retail and office sectors grapple with the impact of remote work and economic uncertainties, residential properties offer a more accessible entry point for aspiring property owners. Walker advised young investors to start small and build their confidence by investing in modest residential units before considering more complex commercial ventures. In essence, the SA Property Investors Network is on a mission to empower South Africa's youth by demystifying the property market, providing tailored education and support, and fostering a culture of financial independence and wealth creation. By equipping young individuals with the tools and knowledge to navigate the property sector, SAPIN aims to redefine the narrative around property ownership and usher in a new generation of savvy investors ready to seize opportunities and build lasting wealth for themselves and future generations.