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Paper eres2014_147:
Encouraging private sector investment in affordable housing the inner city in Johannesburg

id eres2014_147
authors Jay, Graeme
year 2014
title Encouraging private sector investment in affordable housing the inner city in Johannesburg
source 21st Annual European Real Estate Society Conference in Bucharest, Romania
summary There has been a high rate of urbanization and influx of people into the Central Business District (CBD) and inner city of Johannesburg, South Africa over the last thirty years. One of the consequences of this rapid urbanization is a severe housing shortage, especially for lower income individuals. Investors and developers need to have a sound business case when making any investment in real estate; more so when the target market is tenants seeking affordable housing as these tenants are extremely sensitive to rentals that do not fall within a certain range. One of the questions that arise is what factors encourage or discourage private sector investment into affordable housing in a large city like Johannesburg in a developing country like South Africa.Various developers, property managers and asset managers were surveyed to assess their views regarding the factors that encourage or discourage private sector investment into affordable housing in Johannesburg.The purpose of this paper is to:• Consider the relevant literature, in an international context, regarding the factors that encourage private sector investment in the inner cities of major cities, especially in developing countries; • Consider what factors are specifically relevant in Johannesburg;• Share the results of research conducted with various developers, property managers and asset managers; and• Suggest what factors will encourage private sector investment in the inner city of not only Johannesburg, but also other major cities in South Africa, as well as other developing countries and whether or not these differ from the factors identified in the international literature.
series ERES:conference
email graeme.jay@wits.ac.za
more http://library.eres.org/cgi-bin/rsa98.pl?conf=ERES2014&type=session&theme=D &slot=2710
discussion No discussions. Post discussion ...
ratings
session D : Housing Markets & Economics
last changed 2014/10/21 21:51
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