Month: May 2019

  • May 10 2019

    The unaffordable ‘affordable’ housing market – Part 1

    South Africa’s massive housing backlog increase can be attributed to a combination of growing population, smaller household sizes, the migration of economically active people from rural to urban areas and high unemployment levels which are acerbated by low growth economic conditions. While there have been numerous media reports detailing these aspects of the crisis, what […]

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  • May 10 2019

    The unaffordable ‘affordable’ housing market – Part 2

    In 1994 government’s RDP programme was targeted at indigent households earning up to R3 500. The graph below indicates annual consumer price inflation (CPI) since 1994. In 1994, R3 500 equates to R14 834 in 2018 in terms of purchasing power (purchase price parity). However, government’s subsidy programme for free housing has not been adjusted […]

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