There can be no arguing against the fact that the provision of affordable housing is a vital component of the social transformation and empowerment efforts of local and national governments across South Africa.

Tuesday, 07 March 2017 12:25

Making green affordable housing a reality

Nedbank Corporate and Investment Banking (NCIB) today announced that is has made the first disbursement from an innovative R120 million Sustainable Affordable Housing finance facility that was put in place through the collaborative efforts of Nedbank’s Affordable Housing Development Finance division, and South Africa’s Green Fund.

Richards Bay is one of South Africa’s fastest developing cities, with the country’s second biggest harbour and largest coal export facility in the southern hemisphere, stimulating rapid industrial and commercial expansion and in turn driving urban development. 

Recent studies suggest that while the demand for affordable housing is on the rise, affordability remains a barrier for millions of South Africans in this segment, resulting in renting increasingly becoming a more feasible option than buying.

Wednesday, 01 October 2014 11:11

Overcoming the affordable housing challenge

While there has been an increase in the volume of land coming on stream for affordable housing developments over the last few years, there are a number of challenges that need to be overcome in order to sustain this trend.

Watergate estate in Mitchell's plain continues on growth path

With over 900,000 people seeking affordable and social housing annually, and only around 25,000 new units becoming available each year, the market for affordable housing shows immense potential for investors.

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