International private equity housing fund, International Housing Solutions (IHS) has extended its influence in the affordable housing arena by acquiring a stake in a R200-million project to provide new student accommodation at the University of Free State.

In what is believed to be one the biggest private equity deal within the affordable housing sector, property finance company International Housing Solutions (IHS) has invested in excess of R230 million in Aengus Lifestyle Properties

A massive new R1-billion affordable housing development East of Johannesburg, near Carnival City Casino in Boksburg will breathe new life and 2400 new homes into the area along the North Boundary road

The huge demand for housing in South Africa in the low to moderate income level, combined with declining rates and relative political and economic stability, continues to drive investment in the affordable end of the market.

International Housing Solutions (IHS), which launched a Southern Africa Workforce Housing Fund with R1,3-billion in overseas capital, has received R210-million additional investment from the Development Bank of SA

South African property developers now have a new source of finance to help overcome the historic difficulties they have faced in obtaining cost-efficient funding to build homes that are affordable for the majority of South Africans

International Housing Solutions (IHS), an international joint venture between MuniMae of the US and top Irish property group Howard Eurocape, has launched its operations on the African continent for the first time, opening its head office for Africa in Rosebank, Johannesburg, in January.