How Faster Housing Growth Can Lower South Africa’s Home Prices

Summary

Renier Kriek, the managing director of Sentinel Homes, explains that the main problem with housing in South Africa is not just the high prices but also the limited supply of homes. He believes that to make housing more affordable, the government and developers need to focus on building more houses faster instead of trying to control or regulate prices. Increasing the number of homes available can help meet the growing demand and eventually bring prices down naturally. Price regulation, on the other hand, may discourage developers from building new homes, making the problem worse. Kriek’s viewpoint highlights the importance of expanding housing supply to solve South Africa’s housing challenges and support more people in finding affordable places to live.