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RESIDENTIAL
Affordable developments are new developments , with only 10 % developed in the last five years , 10 % in the previous five years and 80 % more than 10 years ago .
The age distribution of all
Affordable properties ( not only those in Sectional Schemes and developments ) can be seen in the graph below , and it demonstrates that there has been little investment , relatively speaking , in recent years in this category .
Age of Affordable properties
“ There are developers aiming to address this , giving the startup youth access to attractive and affordable housing and not limiting them to old neglected stock ,” concludes Ivins-Downes . This is important as the graph below demonstrates that people under 30 make up a relatively small share of the market .
Age Distribution of 2023 buyers under R750k properties
62 JUNE 2024 Real Estate Investor Magazine
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