Affordable housing needing sophistication

Standard Bank's Gauteng Residential Development Finance Head, Somaya Joshua says we are experiencing healthy levels of affordable housing demand in SA, largely driven by historical stock shortages in the sector.

While some of SA's listed property funds have recently begun to develop affordable housing from scratch, in other African countries, the investment options have tended to be via trusts and not necessarily through property focused investment options.

Affordable housing in Africa as an investment is still in its infancy but the opportunities to create investment vehicles are there.

A large portion of the African population is deprived of the basic need of suitable, quality shelter. This is a problem that African governments have been hard-pressed to solve due to the variety of logistical problems involved in the provision of bulk, affordable housing.

Standard Bank's Gauteng Residential Development Finance Head, Somaya Joshua says we are experiencing healthy levels of affordable housing demand in SA, largely driven by historical stock shortages in the sector.

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