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Property rates are charged at a significantly higher rate (sometimes even 4.5 times higher) on vacant stands than on ordinary, residential properties. The reason for this is to motivate the landowner to develop the land and to obtain utilities (e.g. water and electricity) from the

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Vacant land in Fourways is edging sectional title prices, with median prices recorded by Lightstone Property, reported to be R1,9m – compared with freehold property at R2,712m and sectional title at R1,5m. 2017 figures listed vacant land at a median price of R1,474m, freehold property

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