What’s behind SA’s housing boom?

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Despite higher interest rates and surging fuel and food prices, housing activity remains surprisingly resilient — for now at least

As counterintuitive as it may seem, there has been a resurgence in housing activity in recent months.

The general expectation among industry players was that rapidly rising interest rates and living costs would bring an abrupt end to SA’s two-year housing upswing. This hasn’t happened yet ...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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OPINION | Qhamani Neza Tshazi: SA’s housing crisis is neither sustainable nor palatable | News24The number of people needing housing interventions in the country is estimated to be at least 12 million, a number that is neither sustainable nor palatable in a country of 60 million people, writes Qhamani Neza Tshazi. No.matter howany new houses are built by the government, this number simply increases. If the ANCParliament PresidencyZA had started at day 1,instead of pillaging for themselves, every South African would have had a home by now Why does the Govt insist on building single story boxes.
Source: News24 - 🏆 4. / 80 Read more »