Budget comment property - RealNet

"Now government needs to walk the walk"

Tjaart van der Walt, CEO of the RealNet estate agency group, welcomed Finance Minister Pravin Gordhan's undertakings to curb unproductive state expenditure and rein in graft and corruption announced in the Budget today.

"It is a positive indication that the government is in step with tax-paying consumers' concerns. However, we need to see that policy is implemented speedily and with visible effect."

Van der Walt says that the R1bn allocated to speeding up housing provision is disappointing. "This figure is but a drop in the ocean. A large percentage of South Africans have low incomes and need help to gain secure tenure. Not only is it a basic human right, but large-scale housing incentives will create many jobs, which in turn, will contribute
significantly to reducing unacceptable crime levels.

"Emphasis on rural development is to be welcomed but government can speed up housing delivery in these areas by making large tracts of state land available to developers free of charge.

"Adequate housing brings social stability - a necessary ingredient for sustainable economic growth," he says.

The Mega/Press Network

Loading comments
More news articles
news
Guidelines to securing a home loan
29 May 2018
Many young South Africans are working hard to achieve their dream of purchasing their first home. However, the process can be challenging due to the daunting application process, which can take up to 2 years and is often enough to discourage prospective buyers.
read more
news
Things you should consider before upgrading to a new home
23 Apr 2018
The thing about the property ladder is that at some point in our lives we all have reason to want to climb a rung or two higher. Sometimes, it’s because we’ve outgrown our previous dream home, or because we want to be in a better neighbourhood that’s closer to work or to schools. Sometimes it’s because our circumstances have changed, and we’re taking care of elderly parents or relatives. Sometimes, it’s just because we want a property that reflects the financial status our hard work has won.
read more