The South African Government's recent pronouncements on the provision of housing are welcome signs of it moving in the direction of real and sustainable long-term solutions to the problem.

Monday, 13 October 2014 14:02

Smaller houses show strongest growth

Smaller houses are showing the strongest growth this according to the latest Rode's Report on the SA Property Market.

The total value of outstanding credit balances in the South African household sector came to R1 391,6 billion at the end of August 2014, which was R2,9 billion down on total credit balances of R1 394,5 billion at end-July.

The expected handover of more than a million title deeds to owners of subsidised houses during the next five years could speed up the opening of the formal property market in areas like Soweto.

The planning phase of residential building activity in the South African market for new housing, as reflected by the number of building plans approved by local government authorities, recorded relatively strong growth in the first five months of 2014 April 2014 compared with the corresponding period last year.

Wednesday, 02 July 2014 11:09

Cosatu demands land for low-cost housing

Cosatu demands that the City of Cape Town release the findings of an audit of the land it owns and wants it used for low-cost housing instead of being sold to property developers.

The Gauteng MEC for Human Settlements, Jacob Mamabolo, has brokered an agreement between the (GWCRA) and the Westonaria District Municipality over the allocation of 1000 houses in Botlhabela Borwa.

Bitter battle is looming after the City of Cape Town approved the construction of 600 housing units, a school and a private nature reserve on the farm Uitkamp in Durbanville.

The first quarter of 2014 saw nominal year-on-year growth in the average value of homes.

President Jacob Zuma is expected to launch the R25-billion Cornubia Housing Project in Durban, KwaZulu-Natal, this weekend.

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