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The Absa Residential Property Market Database For South ….pdf

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Preview of The Absa Residential Property Market Database For South …
🔗 Source: bis.org
📊 Size: 174 KB
👤 Author: Christo Luüs
⬇️ Downloads: 144

Summary

The Absa residential property market database for South Africa provides key data trends and implications, with homeownership being a significant aspect of wealth accumulation for working people. The database covers demographic, income, and developmental issues, as well as housing stock and mortgage finance market indicators. South Africa has a high unemployment rate, estimated at 30%, and a significant portion of households cannot afford housing. The residential property market comprises approximately seven million formal dwellings, with an estimated value of R750bn in 2002. The government has built nearly 1.5 million low-cost housing units from 1994 to 2003, supporting the construction sector. The higher end of the market has also experienced significant growth, with a 24% increase in newly built houses in 2002 compared to 2001. The mortgage finance market in South Africa has a complex history, with numerous pieces of legislation regulating land ownership, particularly on a racial basis. Today, home ownership is a major political objective, with the government assisting low-income, first-time homebuyers with subsidies.

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The Absa residential property market database for South Africa provides key data trends and implications, with homeownership being a significant aspect of...

Technical Information

  • File Format: PDF
  • File Size: 174 KB
  • Pages: 22
  • Language: EN
  • Author: Christo Luüs
  • Total Downloads: 144
  • Last Updated: 1 week ago

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This PDF document about The Absa Residential Property Market Database For South … provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into The Absa Residential Property Market Database For South ….

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