With rapid urbanisation in South African cities, demand for affordable housing exceeds available supply – private and public partnerships are key in addressing challenges in the provision of afffordable housing.
With more than 300 delegates drawn from 30 African and international countries; this year’s conference theme is, “Realising Affordability in Global Markets”
McCormick Property Development (MPD) confirms that it is all systems go on the much-anticipated Capital Mall, a R1,2bn mega development set to serve the entire Pretoria West region.
Dr. Kennedy Okonkwo, a top player in affordable real estate in Nigeria has featured on the November edition of Forbes Africa where he revealed that long term partnerships between private and public sector is key to improving housing gap in Nigeria.
As the continent’s largest economy, international development experts, innovators and funders increasingly believe that Nigeria is positioned to provide a market-driven solution to one of the continent’s most significant challenges and opportunities: Affordable Housing.
The opportunity for African countries in supporting the growth and development of their affordable housing industries is immense and transformative.
Africrest Properties intends to be one of the top 10 largest residential middle-income landlords in Gauteng within the next 5 years.
Bridge City is set to become the centrepiece of an affordable housing development that will see more than 350 units being developed with the first ones being up for sale towards the end of next year.
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