There has been a great deal of investment in the infrastructure, commercial and retail properties in these areas. Lightstone Risk Management has analysed residential repeat sales price inflation of residential properties within 2km and 3km of each Gautrain station from 2000 to 2007, and compared this with the overall price inflation in Gauteng, Johannesburg and Tshwane. The 2km and 3km distances were chosen specifically since they would represent a relatively easy walk to the station, and would be sure to capture the effects of investors looking to benefit from ease of access to the stations.
Of interest is the fact that interest and sales activity around the Gautrain stations - particularly within 2km of the planned stations - has grown . The proportion of all property transactions in Gauteng involving properties within 2km of Gautrain stations has grown from 3.8% to 6.0% from 2000 to 2007. This is despite the fact that these properties are generally in well-established residential areas which are unlikely to see growth in new stock as fast as the rest of Gauteng.
On the other hand, activity in the areas between 2km and 3km from the Gautrain stations has remained relatively consistent at between 4% and 5% over the same period, which perhaps indicates that these areas are being less influenced by the introduction of Gautrain.
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