The need for affordable housing remains a major challenge facing South Africans. Despite the government providing 300,000 houses to South Africans in the last five years, there are still over 2.4 million households on the National Housing Needs Register.
According to the Centre for Affordable Housing Finance in Africa (CAHF), densification has become a focal point in Gauteng, South Africas economic hub, due to land constraints.
Demand for affordable housing grows in GautengAccording to CAHF, the demand for affordable housing in the country, especially in Gauteng, has increased. This as South Africa faces a high unemployment rate, a weakening economy and a rising cost of living.
With all the challenges faced by ordinary South Africans, CAHF notes how there has been an increase in reliance on the private sector to provide affordable housing.
Over two-thirds of South Africans already reside in urban areas, and it is expected the countrys urbanisation rate will rise to 71% by 2030. While there have been improvements in access to water, sanitation, and electricity services, the percentage of households with access to solid waste removal has decreased to 62.6% in 2022, notes the CAHF.
