There's no question about it. The property market in Cape Town is on the up. With housing prices growing in the Mother City and strong interest from buyers, renters, and investors, the area remains a real estate capital. Seeff explores the exciting lifestyle trends driving sales and rentals in the area.
Semigration
Semigration, the act of moving from one city or province to another within your home country, is a prominent Cape Town living trend. The city offers incredible value from great property investments, low crime rates, efficient government services, to working opportunities. With a host of top amenities and community-driven spaces like the V&A Waterfront, Cape Town has a strong appeal for semigrants in search of an enhanced quality of life.
Micro living
In a challenging economic climate, micro living is emerging as a top living trend. Micro homes and apartments offer small living spaces in desirable neighbourhoods. In Cape Town, there's a strong demand for properties but limited land space. Developers have created micro spaces that offer first-time buyers, young professionals, and seniors a chance to live in this prime area. Micro living also provides a range of benefits from micro maintenance to a reduced carbon footprint.
Remote working
In 2021, Cape Town was named one of the best cities to work from remotely by Big 7 Travel, a popular travel resource. And, as COVID-19 has spurred remote working, the city is thriving from this trend. Remote workers are moving to the area for its impressive co-working spaces, appealing lifestyle, range of leisure activities, world-class infrastructure, and easy travelling through Cape Town International Airport.
Sustainable living
Cape Town has always prioritised sustainable living. After all, the country's first five-star green building opened in the area in 2011. You can find a number of Cape Town properties on the market that enable green living as well as being aesthetically pleasing. Whether it's offering water-efficient systems, solar energy, rooftop gardens, or boasting walkability to amenities, clean living is possible and growing in the Mother City.
Co-living spaces
Co-living spaces bring together a community of people who live in small personal spaces and share communal areas like kitchens and work areas. Besides offering affordable living in a desirable area, the social feel of these spaces is a welcome benefit at a time where COVID-19 is keeping people isolated. Recently, Cape Town has seen a rise in this residential type with millennials and working professionals.
Mixed-use living
Mixed-use developments offer an enticing combination of retail, residential, and commercial real estate all in one space. These have remained a popular living trend in Cape Town, creating investment, employment opportunities, and allowing people to adopt a live-work-play lifestyle. The lifestyle appeal is particularly strong for those who wish to walk to amenities or escape the daily commute to the office.
Apartment hotels
Apartment hotels or Aparthotels combine hotel-grade accommodation with the benefits of serviced apartments. These offer a larger space than hotels with spaces to cook, work, relax, and sleep. Often in top locations, apartment hotels boast amenities such as gyms, pools, bars, restaurants, laundromats, concierge services, and housekeeping. This property type is ideal for working professionals or buy-to-let investors.
Gated estate living
COVID-19's impact on the property market is evident in the continuing popularity of gated estates. These have become "quarantine bubbles" where residents have access to safe, open spaces and restricted access to a range of amenities such as gyms, swimming pools, and shops. Being known for security and close-knit communities, many are choosing Cape Town gated estates as their next home.
Seeff is the most established real estate brand in Southern Africa. With expert insight into living trends, we can help you find a Cape Town home for sale or home to let that fits your needs. Get in touch with one of our property professionals today.