Housing in Southern Africa August 2016

August 2016

ED’S NOTES

AVERAGE CIRCULATION

(FIRST QUARTER 2016)

3 727

material may be reproduced, stored

in a retrieval system or transmitted

in any formor by anymeans, without

prior permission from the publisher.

Disclaimer: Crown Publications can-

not be held responsible for any errors

or omissions whatsoever.

THE TEAM PUBLISHED MONTHLY BY: Crown Publications cc Crown House Corner Theunis and Sovereign Streets, Bedford Gardens 2007 P.O. Box 140 Bedfordview 2008 Tel: (011) 622 4770 Fax: (011) 615 6108 email: housing@crown.co.za www.housinginsamagazine.co.za

PRINTED BY:

Tandym Print

in Southern Africa

EDITOR Carol Dalglish housing@crown.co.za ADVERTISING Brenda Grossmann brendag@crown.co.za DESIGN Colin Mazibuko CIRCULATION Karen Smith PUBLISHER Karen Grant DEPUTY PUBLISHER Wilhelm du Plessis

Govan Mbeki Awards 2014 - Best Media - Housing in Southern Africa

Carol Dalglish • Editor

The property market keeps

ticking over…

hile the private sector con-

tinues to provide housing

opportunities, the Depart-

ment of Higher Education and

Training has reported a shortage of

427 000 beds annually for student

accommodation throughout the

country’s 49 campuses. Minister

Blade Nzimande has called on the

sector to provide bold solutions to

tackle the challenges. Leading pro-

vider of secure student accommo-

dation, CampusKey, recently com-

pleted a new residence in Mowbray,

Cape Town, which will provide 586

fully furnished, purpose-built stu-

dent units. At the Vaal University of

Technology in Vanderbijlpark, Stef-

fanutti Stocks recently completed

400 units on the campus.

In Cape Town the Devmark Prop-

erty Groupwill offer 944 apartments

at The Block. The affordable housing

and Gap market development will

provide secure and well located

housing in the Northern Suburbs.

The R40 million Dido Valley proj-

ect in Simon’s Town will provide

housing to beneficiaries who were

forcibly removed from the area over

40 years ago. The property overlooks

the ocean and there are plans for a

crèche, clinic, parks and business

site. The project forms part of the

ExpandedPublicWorks Programme.

South Africa’s mounting urban

land and infrastructure scarcity has

led towards smaller average sized

properties and there is currently

massive growth in the number of

sectional titles. The total value of

plans approved for new residential

buildings was up by 1,1% to R15,48

billion between January and May.

New residential buildings reported

as completedwas R9,75billion in the

first five months.

Harvard University’s Joint Centre

for Housing Studies reports that

housing maintenance will reach 8%

by the start of 2017. This bodes well

for the local market as the study is

often a forebearer of what will hap-

pen in the South African housing

sector.

We hope that you enjoy the read!

It was indeed good news when the Governor of the South African

Reserve Bank kept the repo rate unchanged at 7%. With consumers

under financial pressure and lack lustre economic growth, the South

Africa housing market continues to reflect an ongoing demand for

homes to buy and rent.