Workings of Township Residential Property Markets Study: Phase 1 – General Research: Economic Dimension

This report is part of the study into Township Residential Property Markets (TRPM) conducted in 2003 and 2004 sponsored by the FinMark Trust, Ford Foundation, Micro Finance Regulatory Council / USAID, the South African National Treasury and the National Housing Finance Corporation. The study considered the performance and dynamics of property markets in South Africa’s former black townships.  The methodology involved a overall literature review, deeds search, survey of estate agents and developers, windshield survey, a household survey of 2000 respondents over 18 former black township areas in South Africa, and a survey of entrepreneurs.  Eighteen reports were prepared over the three phases.

This particular report explores economic factors including the thin market, weak legal institutional structure, and limitations in access to finance.

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