W Cape unveils housing instalment plan to boost home ownership
Infrastructure Minister Tertuis Simmers says the new model is intended to assist the so-called “missing middle” in the housing market to access home ownership.
The Western Cape Department of Infrastructure has introduced a new Instalment Sale Agreement housing model at the Mountain View housing development in Mossel Bay.
This approved model keeps homes occupied, protects tax payers investments and most importantly gives qualifying families a genuine opportunity to become home owners.
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