South Africa's real estate industry is worth 4.9 trillion rand.

According to a new study aimed at discovering the scale of South Africa's real estate industry, the value of South Africa's real estate industry is as high as 4 9 trillion rand. This study, commissioned by the Charter Committee of the Real Estate Industry, is based on a new study, aiming at discovering the scale of South Africa's real estate industry, which is worth as much as 4.9 trillion rand.

This study was commissioned by the Real Estate Industry Charter Committee, and it is the first time in South Africa.

Portia Tau-Sekati, CEO of the Real Estate Industry Charter Committee, said: This research has created a knowledge center about the real estate industry, integrated information and formed * * * knowledge.

By determining the scale of South Africa's real estate industry, we are moving towards a suitable benchmark to evaluate the market size and its components, the scale of various services and activities in the industry, and finally carry out BEE conversion according to the scorecard of the Real Estate Industry Act.

South African Owners Association (SAPOA) pointed out that considering the contribution of real estate industry to South Africa's gross domestic product (GDP) was 8.3% in 2009, it is very important to establish the scope of real estate industry for accurately understanding South Africa's economy. What impact does South Africa's real estate industry have on the economy? .

The data in this study provides a snapshot of the real estate industry on the benchmark dates of 20 10 and 12.

This study shows that only about 1% of South Africa's land is urban and residential. More than 73% of South Africa's land is natural pasture. About 12% of the land is agricultural land, and about the same part includes nature reserves and nature reserves.

Research shows that nearly two-thirds of the property owned by South Africa is residential, with an estimated value of 3 trillion rand. The value of commercial real estate is about 780 billion rand. The undeveloped land designated as a development zone is equivalent to 520 billion rand. Public property (including national, provincial and local governments and state-owned enterprises) totals about 570 billion rand.

At present, this study combines various studies to estimate the size of the housing market in South Africa. Although the number of formal and informal housing units in the source study is different, ranging from 1365438+ million to 8 million, the estimated value is close to R3 trillion.

The research report shows that among the 780 billion commercial real estate in South Africa, corporate real estate accounts for 600 billion reais, including the investment real estate of10.20 billion reais held by the listed real estate department in South Africa. Other investment properties held by life insurance, pension funds and private equity funds totaled 654.38+080 billion rand.

Retail property is the highest value in South Africa's commercial real estate industry, reaching 340 billion rand, followed by office property, reaching 228 billion rand, and industrial property reaching 654.38+08.7 billion rand. The relatively low comparative value of 25 billion rand is hotel, leisure and? Other? Property.

For public property, this study uses the existing information, reflecting the property of 342 billion rand held by provincial governments, 65438+088 billion rand held by state governments, 370 billion rand held by local governments and 600 million rand held by state-owned enterprises.

The significance of this research is far-reaching.

Tao? Tau-Sekati said: In addition to serving as a benchmark for monitoring and evaluating the progress of industry transformation every year. This study marks the beginning of the ongoing research process, which will update the information about the real estate field every year. This study is a useful tool to understand the South African real estate market and its dynamics. It is making progress, and we hope to build a better and clearer picture for our industry. We welcome research and information sharing with the industry, which can further improve our data and clarify the mechanism of industry components. ?

IPD is a global information company dedicated to objectively evaluating the performance of commercial real estate. As the largest provider of global real estate performance analysis for funds, investors, managers and occupiers, IPD provides a full range of services, including research, reports, benchmarks, conferences and indexes. IPD operates in 25 countries, including most of Europe, the United States, Canada, South Africa, Australia, New Zealand and Japan.