Real Estate Investor Magazine South Africa March 2014 | Page 25

RESIDENTIAL

Jozi is testimony to the fact that the inner city
investment arena is a sound, financially viable
business venture.
With Sandy Barnes at the helm, Jozi Housing
is proof that previously derelict buildings can be
profitable. In line with

“Moreover, inner city areas
such as Hillbrow and Berea,
at one time extreme examples
of urban decay, are through
the likes of Jozi, becoming
sought after localities in which
to invest and live.”
TUHF’s core values, Jozi takes seriously their
commitment to uplift inner city communities.
Tenants are willing to pay for better quality
services in decent buildings. Moreover, inner
city areas such as Hillbrow and Berea, at one
time extreme examples of urban decay, are
through the likes of Jozi, becoming sought
after localities in which to invest and live. Low
vacancies, low arrears payments and lower bad
debt levels prove that their tenants benefit from
their property refurbishment initiatives.

concentrating on improving cleanliness and
safety it is important for the service delivery
model implemented by the Johannesburg City
Council and all its affiliates, to ensure basic
services such as refuse collection and properly
functioning street lights. The Johannesburg
Metropolitan Police Department, for instance,
must ensure that traffic is competently managed
and that bylaws are