What is incredible is that homes continue to be built or improved even where there are no formal services. The state of some of South Africa’s rural and township homes remains the same as it has been for the last 30 years. This is a growing investment class where there is no recognition of the homeowners’ wealth and no insurance available to them because their homes are not given values, says Lance Chalwin-Milton, founder of a specialised registry called E-DEED.
“That said, development will continue apace as it always does, with homeowners continuing to invest into their properties,” Chalwin-Milton says. E-DEED is an innovative platform specifically designed to address challenges and simplify the entire process of property ownership. Township and rural residential sector poised for an explosion Chalwin-Milton, who boasts a wealth of experience in property and real estate, says he believes that the residential sector in these local communities is poised for an explosion, adding that with recognition of the values for their homes, the possibilities are endless.
“I believe the biggest standout of this sector is the number of homes valued at more than R1.5 million. It is absurd that none of these homes have recognition other than a roof over the owner’s head.
