Image for
Resource Details

Title:

State Of Transformation Report For The South African Property Sector 2017/2018

Author:

Property Sector Charter Council

Resource Type:

Research Paper

Organisation:

Property Sector Charter Council

Publication Date:

11th of July 2019

Description

South Africa's (SA's) economy was traditionally rooted in primary sectors as a result of a wealth of mineral resources and favourable agricultural conditions. However, recent decades have seen a structural shift in output.

Since the early 1990s, economic growth has been driven mainly by the tertiary sector, and now SA is moving towards becoming a knowledge-based economy, with a greater focus on technology, e-commerce as well as financial and other services. The financial sector is among the key sectors that contribute significantly to SA's gross domestic product (GDP) and keepingSA’s economic engine running.

The property sector or real estate is currently classified under financial and business services. The financial, real estate and business service sector accounted for 22% of the country's real value added (value of total production) in 2006 and, together with other services sectors, has proved to be a pillar of the country's economic growth over the years. The property sector plays a critical part at an individual level, business and other areas in the SA economy.

South Africa's (SA's) economy was traditionally rooted in primary sectors as a result of a wealth of mineral resources and favourable agricultural conditions. However, recent decades have seen a structural shift in output.

Since the early 1990s, economic growth has been driven mainly by the tertiary sector, and now SA is moving towards becoming a knowledge-based economy, with a greater focus on technology, e-commerce as well as financial and other services. The financial sector is among the key sectors that contribute significantly to SA's gross domestic product (GDP) and keepingSA’s economic engine running.

The property sector or real estate is currently classified under financial and business services. The financial, real estate and business service sector accounted for 22% of the country's real value added (value of total production) in 2006 and, together with other services sectors, has proved to be a pillar of the country's economic growth over the years. The property sector plays a critical part at an individual level, business and other areas in the SA economy.

Related Resources

State Of Transformation Report For The South African Property Sector 2015/2016

Research Paper

State Of Transformation Report For The South African Property Sector 2015/2016

Author: MSCI Real Estate

Date: 11th of June 2017

Property and Real Estate is one of the sectors that we have in the South African economy. Property...


Applicable Clusters

Commercial Residential Transformation

The Size of The South African Property Sector 2012

Research Paper

The Size of The South African Property Sector 2012

Author: Property Sector Charter Council

Date: 11th of June 2012

This research aims to create a hub of knowledge about the size of the SA property sector,...


Applicable Clusters

Commercial Residential

GLA Magazine June/July 2019

Magazine

GLA Magazine June/July 2019

Author: GLA

Date: 1st of June 2019

Inhe world of property and construction, and specifically when it comeso premises being leased...


Applicable Clusters

Commercial Residential Sustainability