Business Report - 'Affordable' homes keep out low earners
Johannesburg - There is a decline in the affordability of homes in Africa.This is according to the latest FinMark Trust publication exploring innovation in housing finance for poor people.Families living in reconstruction and development programme houses were unlikely to get better housing because of the rising cost of financing a home.The report says less than 10 percent of all South African households can afford the average "affordable" house today