Just as the US needs “all hands on deck” to stop it sailing over the fiscal cliff, so SA needs a multifaceted effort now to solve a housing crisis that threatens to overwhelm the country.

The number of households where adult children will move back in with their parents, or ageing parents will move in with their children, is set to increase exponentially within the next few years.

On a year-on-year basis, some marginal nominal house price growth was recorded in the middle segment of the market (homes of 80m² - 400m² and priced up to R3,6 million in 2012) in the third quarter of 2012.

Residential property market predictions in 2013 according to Real Estate professionals Lew Geffen and Jan Davel.

The call by President Jacob Zuma for speedy solutions to the housing needs of mining communities could turbo charge the pace of rollout of alternative building technologies (ABT) in the human settlements arena of community infrastructure in South Africa.

Recently launched development Nedbank financed Allandale View in Kaalfontein, Midrand, is set to benefit end-users not only from an affordability perspective, but also from a reduction in electricity usage

On behalf of its clients, Futuregrowth's Development Equity Fund, has purchased a 12.5% equity stake in Johannesburg urban renewal property group TUHF (Pty) Ltd for R25m which will boost affordable housing in Johannesburg CBD. TUHF provides commercial property finance to emerging and established entrepreneurs to purchase and refurbish affordable rental housing residential buildings in the inner cities of  Gauteng, Durban, Pietermaritzburg, Port Elizabeth and surrounding areas

Rawson Properties, has raised a red flag of “concern” regarding the recent proclamation by SA President, Jacob Zuma which seeks to transfer the “administration powers and functions” of the Estate Agency Affairs Act from the Minister of Trade and Industry to the Minister of Human Settlements with immediate effect.

Bigen Africa, a South African infrastructural development company, has expressed interest in partnering Ghanaian real estate companies to build affordable houses for the poor and middle income earners

Monday, 14 May 2012 02:00

Housing 'gap' finds Umhlanga

Having invested in more than R7.8 billion worth of projects across South Africa’s major cities, private equity funder International Housing Solutions (IHS), is set to roll out its first 'gap' residential development in the province of KwaZulu-Natal

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