Micro apartments, backyard developments could boom on growing demand for affordable housing

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
0:00
play article
Subscribers can listen to this article
Precinct area for affordable housing.
Precinct area for affordable housing.

A massive housing backlog and demand for affordable housing presents an untapped opportunity for developers, experts say. With an estimated backlog of at least 1.2 million homes nationally, micro apartments and backyard developments could see a surge in the SA housing market. 

Government has acknowledged the seriousness of the housing backlog, says James Wilson CEO of the Amdec Group of real estate developers. 

"However, government's ability to deliver solutions has thus far proved insufficient to meet the demand for homes. Not only does South Africa continue to grapple with a serious housing shortage, but market dynamics are making affordable housing for the 'missing middle' - a sector that's been unable to afford to tap into the property market - increasingly rare," says Wilson. 

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
16.59
-1.4%
Rand - Pound
19.79
-0.0%
Rand - Euro
17.00
+0.3%
Rand - Aus dollar
11.22
+0.1%
Rand - Yen
0.12
-1.5%
Gold
1,767.61
-2.3%
Silver
19.20
-3.9%
Palladium
1,925.50
-0.4%
Platinum
865.50
-2.4%
Brent Crude
113.50
+1.7%
Top 40
58,953
-3.2%
All Share
65,006
-3.0%
Resource 10
59,416
-6.6%
Industrial 25
80,333
-1.1%
Financial 15
14,357
-3.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot