While many consumers in South Africa steer through the headwinds faced by the country’s economy, the affordable housing sector has seen a surge in demand for properties priced between R350 000 and R700 000.
Standard Bank said it reported a double-digit increase in activity within this market over the past four years, driven by urbanisation which continues to intensify the need for accessible housing in metropolitan areas.
“This segment continues to show resilience, particularly in Gauteng and the Western Cape, where demand remains strong despite economic pressures,” said Toni Anderson, Head of Standard Bank Home Services.
For primary buyers, however, despite the convenience, cost-saving and upgrading potential of renting or owning solar panels, they also come with several risks. These affordable homes are households earning up to R30 000…
