Real Estate Investor Magazine South Africa August 2016

DEVELOPMENT JOHANNESBURG Investing in Inner City Residential Property Opportunities for inner city landlords T he inner city of Johannesburg is gaining popularity among property investors and tenants alike. TUHF has been financing property entrepreneurs in inner cities since 2003 playing an integral part in Johannesburg’s urban regeneration. TUHF’s Mortgage Manager, Rose Valloo shares some insights. both large and small refurbishing and converting existing buildings to decent and affordable accommodation. In addition, listed property funds and Real Estate Investment Trusts have also entered this market in recent times. We have also seen the start of some significant Greenfields residential developments. Give us an overview of the Johannesburg inner city property market? What Johannesburg inner city areas have the most potential for property investors & why? Johannesburg’s inner city is home to over 92,000 households, of which almost 90% rent their accommodation, 6% are living in accommodation they own, and the balance of 4% dwell in hostels or informal circumstances. The inner city is in the middle of a residential property growth phase fuelled by property investors 38 AUGUST 2016 SA Real Estate Investor Joburg’s inner city is large and very diverse offering opportunities for an equally diverse group of investors depending on their experience and appetite. Emerging and small landlords may find refurbishment and redevelopment opportunities in semi-detached houses and small apartment www.reimag.co.za

Real Estate Investor Magazine South Africa August 2016 | Page 40