Date :

17 November 2010

Time :

12:15 – 13:30

Presenter :

Kecia Rust, Centre for Affordable Housing Finance in Africa, a division of the FinMark Trust

The ABSA house price index (September 2010) estimates that the average nominal value of a home in the small houses (80m²-140m²) segment of the market is about R837,100. Yet over 70% of South Africans are only able to afford houses of less than R500,000. While most of South Africa’s population live in such houses, very little is known about this market segment.  

The Affordable Land and Housing Data Centre (al+hdc) is an initiative focused on the lower segment of South Africa’s property market. Drawing deeds data from the South African deeds registry and survey data from Statistics South Africa and other sources, the al+hdc provides information on all suburbs in South Africa where the average property price is less than R500,000. The al+hdc’s purpose is to provide accurate and up to date information on the low-income and affordable land and housing market in South Africa. Providing data at the suburb level, the al+hdc provides insight into the purchase price, the type of buyer and seller and level of mortgage finance in this segment of the market.   Consolidated analysis includes trends, levels of churn in different areas and the average value of properties. 

The al+hdc is intended for use by policy makers and regulators, researchers, students and professionals to increase understanding of this segment of the market and enable constructive policy choices; by private sector practitioners to enhance product and service development for this market; as well as by households themselves so that they can better access the market and maximise the performance of their assets.   

The al+hdc is a joint venture between FinMark Trust and Urban LandMark, with support from Lightstone Property Services and Eighty 20.

The presentation from the seminar is now available for download 

The audio presentation from the seminar is available for download

Kindly RSVP by 15 November 2010

Venues

Cape Town: HSRC, 12th Floor, Plein Park Building (Opposite Revenue Office), Plein Street , Cape Town . Contact Vuyokazi Ngxubaza, Tel +27 (0) 21 466 8004, Fax (021) 461 0299, or VNgxubaza@hsrc.ac.za  Cell: +27 (0) 82 050 8453  

Durban: First floor HSRC board room, 750 Francois Road, Ntuthuko Junction, Pods 5 and 6, Cato Manor, Contact Thandiwe Zungu, Tel +27 (0) 31 242 5400, Cell: +27 (0) 83 359 3946 or thandiwezungu@hsrc.ac.za  

Pretoria: HSRC Video Conference, 1st floor HSRC Library Human Sciences Research Council, 134 Pretorius Street , Pretoria . Arlene Grossberg, Tel: +27 (0) 12 302 2811, E-mail: acgrossberg@hsrc.ac.za