INSIDE YOUR POCKET - Affordable housing shortage stymies low-income families
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GUEST – Hayley Ivins-Downes, Managing Executive Real Estate, Lightstone Property
Low-income households in South Africa faced an acute shortage of formal housing stock – and data analysed by Lightstone, a provider of comprehensive data, analytics and systems on property, automotive and business assets, showed that there was one property for 4.8 households earning under R13 000 a month.
Hayley Ivins-Downes, Managing Executive Real Estate, Lightstone Property, said the ratio improved to 3.3 households for every one formal property if the salary threshold moved to R26 000 a month. For higher income groups, this ratio was closer to 1.2 to 1.
Low-income households in South Africa faced an acute shortage of formal housing stock – and data analysed by Lightstone, a provider of comprehensive data, analytics and systems on property, automotive and business assets, showed that there was one property for 4.8 households earning under R13 000 a month.
Hayley Ivins-Downes, Managing Executive Real Estate, Lightstone Property, said the ratio improved to 3.3 households for every one formal property if the salary threshold moved to R26 000 a month. For higher income groups, this ratio was closer to 1.2 to 1.
