Exploring build-to-rent as an alternative sustainable housing strategy for the City of Johannesburg

Abstract: Build-to-Rent (BTR) is an emerging housing investment asset class and alternative housing product that is gaining popularity in the United Kingdom, Europe, North America and Australia. BTR is a long-term rental product built and operated by specialist developers for the high-income market in the aforementioned countries. This study investigates the suitability of a similar product for the middle income housing market in Johannesburg, South Africa. The study finds relevance in the human settlements dialogue due to the rapid urbanization and extensive housing backlog currently being experienced in Johannesburg, as rural dwellers and migrants from neighbouring countries flock to the city in search of employment and a better quality of life. The high cost of traditional housing finance and the stigma attached to renting and living in social housing estates calls for alternative approaches which address both needs. Based on the trend of institutional investors choosing BTR as an alternative impact investment after the market saturation of retail and office park developments in developed countries, it may be concluded that a similar trend will be observed in South Africa. This makes the exploration of BTR as an alternative approach to both the housing crisis and long-term investment options topical and timely...M.Ing. (Sustainable Urban Planning and Development