Francois Viruly Research Paper

Dr. Samuel Azasu
School of Construction Economics and Management
University of the Witwatersrand
Johannesburg, South Africa

Internet Editor
Dr. Moses Mpogole Kusiluka
School of Real Estate Studies
Ardhi University,
Dar es Salaam, Tanzania

Editorial Advisory Board

  • Prof. Paul Asabere, Temple University – Philadelphia, USA
  • Dr. Samuel Azasu, University of the Witwatersrand – Johannesburg, South Africa
  • Assoc. Prof Jide L. Iwarere, Howard University – Washington DC, USA
  • Assoc. Prof Aly Karam, University of the Witwatersrand – Johannesburg, South Africa
  • Prof. Wilbard Kombe Ardhi, University - Dar-es-Salaam – Tanzania
  • Dr. Moses Mpogole Kusiluka, Ardhi University, Dar-es-Salaam – Tanzania
  • Assoc. Prof Isaac Megbolugbe, John Hopkins University – Baltimore, USA
  • Prof. Graeme Newell, University of Western Sydney – Sydney, Australia
  • Mr Akinola Olawore Executive Director AfRES – Lagos, Nigeria
  • Prof. Karl-Werner Schulte, IREBS - Regensburg University, Germany
  • Prof. Robert A. Simons, Cleveland State University – Cleveland, USA
  • Assoc. Prof Francois Viruly, University of Cape Town – Cape Town, South Africa
  • Prof. John Williams, Morehouse College – Atlanta, USA


The  director of the company is Prof François Viruly,  a well known South African property economist and professor in Property Economics, Property Investment and Property Finance.

François Viruly is a property economist with over twenty years of experience in the analysis of  the South African Property market.  He lectures in Urban Economics, Property Development and Portfolio Management at UCT in the School of Construction Economics and Management. 

François held the position of Chief Economist at the Chamber of Mines. He was Head of Research at JHI Professional Services (valuations, research and legal services) and more recently Head of School of the School of Construction Economics and Management at Wits University. 

He is a Fellow of RICS (Royal Institution of Chartered Surveyors), past President and now the Executive Director of the African Real Estate Society and is the Acting Chair of the Ethics in Research Committee Faculty of Engineering and the Built Environment at UCT. 

Professor Viruly has undertaken extensive research into the South African property cycle, the development of township commercial properties, and the application of Institutional Economics to the analysis of property markets in emerging countries. He is a non-executive director of the Accelerate Property Fund. Also acts as expert witness in property related cases. 


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