Diversity and value in Africa's real estate: Challenges facing property development in South Africa

Abstract

Purpose

The purpose of this paper is to demonstrate the diversity of property investment in South Africa.

Design/methodology/approach

The paper addresses how diversity and such factors as the country's history, government, different cultures, housing needs, vast rural areas, fast developing cities, black empowerment and international interests, influence property potential.

Findings

The challenges faced in South Africa are, in many respects, a consequence of the dramatic political changes that have taken place during the last ten to 15 years.

Originality/value

The paper highlights the influence of the transformation of the South African landscape on real estate and presents current and future opportunities related to property.

Citation

Ramabodu, M.S., Kotze, B.G. and Verster, J.J.P. (2007), "Diversity and value in Africa's real estate: Challenges facing property development in South Africa", Journal of Property Investment & Finance, Vol. 25 No. 1, pp. 7-22. https://doi.org/10.1108/14635780710720144