In addition, shelter without the supporting infrastructure of water, sewerage, electricity, and social services fails to achieve the desired benefit. Affordable housing therefore is a herculean and multi-faceted objective for which practical solutions are needed. In the words of Nelson Mandela, “it always seems impossible until it is done”.
Allow me to share with you some statistics on the real estate sector: •  The sector continues to receive a small but rising share of bank credit. This now accounts for 13 percent of credit to the private sector, rising from 7 percent in 2010. •  The real estate and construction sectors contributed approximately 13 percent to GDP in 2015.