HOW THE GAUTRAIN HAS IMPACTED ON REAL ESTATE

Online since 3.11.2017 • Filed under Industry news
HOW THE GAUTRAIN HAS IMPACTED ON REAL ESTATE

~ Lightstone Studies Shows Property Statistics and Possible Future Trends ~ 

All over the world successful train systems have made a positive impact on a country’s economic growth. The introduction of the Gautrain in 2010 has been a step towards creating a world class metropolis and now with Phase 2 being introduced earlier this year, Lightstone reveal how congestion management can have a positive impact on property values.

High congestion levels can subdue property price growth, and with the rapid urbanisation of business districts in South Africa it is an obstacle that needs to urgently be addressed. In the last five years, an already densely populated Rosebank has seen a positive inflation, some of which could be attributed to the Gautrain station.

Property prices close to the station in Rosebank achieved an additional 2.5%-point growth than the surrounding areas further away, after the Gautrain station was opened. Lightstone data has also shown very interesting similarities between Centurion and Sandton, which could indicate that Centurion has the potential to develop into a bustling business sector like Sandton.

Share this

Cybercrime take off 24 May 2018
Renewables in Africa

Subscribe to our Digital Magazine (free)