Plans for the Development of the Bronberg Chalets
IntroductionCurrently there is a significant housing shortage of affordable housing units in the Tswane area estimated at up to 700 000 units. Developers are also falling behind in delivering units. A significant number of potential rentees are looking for rental units that offer a more rural lifestyle outside the bustle of the city. These rentees (and buyers) will be the target of this co-operative.
The high cost of rental units in the East of Pretoria will support the popularity of the housing hive co-op. Our market research indicated that small rental units start at R6500.00 up to R13 000.00 per month excluding utilities and electricity.
The co-op model of housing is well known in Europe and America but not in South Africa. This may provide an ideal opportunity to establish this concept in South Africa.
The high mobility of people in the rental market (short term renters) as well as the growing uncertainty of land-ownership creates a window of opportunity to focus on mobile and semi-mobile living units.
The lengthy (drawn out) procedure to get municipal approval for permanent living units make the development of mobile and semi-mobile units more practical for the co-operative.
The USA and Europe are experiencing a fast growth in mobile and semi-mobile housing (Known as the Tiny-house movement) and the economies and logic of the minimalist, offgrid lifestyle that is in sync with nature is becoming more and more popular.
There is an opportunity available for investors to earn an above average income in the cooperative by funding the manufacture of these mobile and semi-mobile living units.