Loading...

Gautrain boosts property prices

Nov 05 2017 06:00
Justin Brown

Johannesburg - Since the establishment of the Gautrain station in Rosebank, northern Johannesburg, property prices in the area have rocketed.

Property analyst company Lightstone said: “In the past five years, Rosebank has seen a positive inflation, some of which could be attributed to the Gautrain.

"After the station was opened in Rosebank, property prices close to it achieved an additional 2.5% growth compared with prices for property in the surrounding areas that are further away.”

Lightstone data have also shown similarities between Centurion and Sandton, which could indicate Centurion has the potential to develop into a bustling business sector.

“When comparing commercial property growth, Marlboro experienced retail property inflation of almost 10% during the 2011/13 period, 4% of which can be ascribed to the existence of the Gautrain and the surrounding properties’ proximity to the station.”

Further expansion of the Gautrain is planned for Randburg, Cosmo City and Little Falls.

“If Gautrain has had a positive effect on the property market in Rosebank and Sandton, it is reasonable to expect the same from areas such as Cosmo City and Mamelodi,” Lightstone said.

lightstone  |  gautrain  |  expansion

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about: MINI BUDGET

Finance Minister Malusi Gigaba has laid bare South Africa's economic woes. Visit our Mini Budget Special for all the action.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Free education in South Africa is:

Previous results · Suggest a vote

Loading...