SUB CATEGORIES Featured Story |  Straight Talk |  The Stage | 

Townships - property interest is picking up significantly

30 January 2006 Angelo Coppola

The 7th FNB property barometer looked at the 'township' property sector for the first time.

On the township property sector, FNB looked at this sector for the first time, as activity levels start to increase. Soweto, East Rand,Midrand, Attridgeville, Sebokeng, and Kagiso, were covered.

There was a 50:50 split although the majority felt that there was a lot of activity and with most saying there was more activity in the townships, compared ot the national picture.

So who is buying? Well, nurses, police, social workers, and teachers, with some private sector buyers and an even smaller white collar sector. This is a real turn-around, and shows that salaries are now affording this sector the opportunity to purchase with the younger generation the bigger buyers.

Confidence levels remain higher than the national average. With a pent-up demand and not enough supply. There is a different mindset here. The older people will keep their houses, as this house will stay in the family, which limits the movement of stock. There isnt enough development.

The property generally turns over in three weeks with most of the buyers being women, which is different than the national norm, and most are buy to live purchases. With home improvements a high growth sector, mostly for living purposes. The average property price is in the region of R223 000.

Quick Polls


We have watched with interest as each of the country’s large life insurers report their 2021 life claims statistics, with soaring claims and claims values. That got us thinking: how do the big life insurers compare against one another, from an IFA perspective?


An insurer is an insurer is an insurer
All are excellent: would not deal with them otherwise
There is one insurance brand that stands out for me
Tied agent: but my brand is the best out there
fanews magazine
FAnews June 2022 Get the latest issue of FAnews

This month's headlines

A free smoothie does not make a loyal customer
Consequential loss policy court cases
Everything you need to know about death, disability and severe illness cover post-emigration
Are advisers doing all they can for clients’ portfolios?
Financial advisers need help - navigating the complex ESG fund environment
Subscribe now