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Academic Staff

Assoc Prof Francois Viruly

BA (Economics) (Wits University), MA (Economics) (University of Kent)
FRICS (Fellow of the Royal Institution of Chartered Surveyors)

Tel: 021 650 3442

  • The Transformation of the Central Business District (Jhb) – Urban Age Conference – (Corner House 6-8 July 2006)
  • The Formulation of Real Estate Programmes in Developing Countries (Refereed Article) (October, 2005) – CIDB Conference 2005 – 1st Prize.
  • An analysis of South African Property Trends (August, 2005) – SAPOA PEP Conference.
  • SAPOA Review (June, 2000) – Determining Property Values through the Discounted Cash Flow Method.
  • Urban Futures Conference (2002) – The implications of the South African property market for property inner city regeneration, Johannesburg.
  • The South African Sapix / IPD Property Index – “A Tool for Asset Management and Research” – paper presented at the 4th International Conference on Real Estate in Africa, 12th – 13th March 2002, Nairobi, Kenya.
  • “Using South Africa fictional writing to interpret the historical development of the Johannesburg socio-economic environment” – presented at the Biennial Conference of the Economic Society of South Africa, 17th – 19th September 2003.
  • Investment Property Databank Investment Conference (2003) – The SA Property Market in 2004, Implications for Property Valuers.
  • South African Property Review – March/April 2003 –To apply a Cap Rate or a Discount Rate.
  • The South African Institute of Valuers (SAIV) (2005) – The impact of government programmes for property values.
  • The formulation of property courses in developing countries (April 2005) – paper presented at ARES Conference Sante Fe.
  • Property Manuals: Understanding Property Investments; Understanding Property Risk Analysis; and Understanding Property Valuations.
  • Regular contributor to daily and weekly Newspapers / Magazines, Television and Radio Programmes.

Research Interests

Property Economics, Property Cycles, Property Finance. Listed Property sector


Masters: Property Economics, Property Development, Portfolio Management,
Undergraduate: Urban land Economics

External Responsibilities

Vice president – African Real Estate Society
SAPOA – Government Liaison Committee
RICS – Chair Education Committee

Selected Recent Publications

  • Real Estate Practices among Indigenous Peoples in South Africa: A Clash of Property Systems at the Urban Fringe American Journal of Real Estate Research –2007