💨 Abstract

In South Africa, escalating property prices, low salaries, and a stagnant economy are major barriers to homeownership. According to Lightstone Property, 80% of South Africans are priced out of the formal property market. Only one formal home exists per 3.3 families, and this pertains to residents earning R26,000 per month—a threshold unattainable for most, as the average take-home pay is just R17,310.

Courtesy: Ray Leathern