AFRICA INVEST DEVELOPMENTS

The South African property sector is worth R5.8trn according to results from the latest study undertaken to determine the size of the country's property sector, with a further R520bn land officially zoned for commercial and residential developments. (Study was compiled by MSCI for the Property Sector Charter Council)... Of this, retail property has the highest value at R534bn followed by office properties at R357bn and industrial properties at R281bn... NB: Hotels and other property accounted for R94bn in value, whilst undeveloped urban land zoned for development remained unchanged around R520bn (1.1% of total land in SA).

Primary location: Durban South Africa