It has been revealed that Expropriation of land without compensation has
harshly affected the affordable housing market.
One company reports that the demand for affordable housing dropped by
over 40% in the past two months as homeowners or potential homeowners
believe that they will be given a free house – removing them
from the buyers pool.
The issue is escalated by tenants living in affordable housing failing to pay
their rent as they believe they are entitled to free housing and land.
We are chatting to Wikus Lategan, the Chief Executive Officer of Calgro M3 Holdings,
a listed housing developer: