Cape Town’s Rental Boom Drives low-Income Individuals Into illegal Homes
A rise in rents in Cape Town’s inner city is exacerbating the housing problem, forcing many low-income inhabitants into unlawfully occupied and abandoned houses as affordable accommodation becomes increasingly out of reach.
Property prices in the central business district have risen dramatically, owing in part to a tourism boom and the quick spread of short-term rentals such as Airbnb, pricing out workers who rely on living close to jobs and amenities. As a result, both privately and publicly held abandoned properties are increasingly being taken by families who have few options.
According to resident Fundisa Loza, living in the CBD is a necessity rather than a luxury. “We want to be in the city so we don’t pay transport,” she says, pointing to unreliable trains and expensive buses.Property prices in the central business district have risen dramatically, owing in part to a tourism boom and the quick spread of short-term rentals such as Airbnb, pricing out workers who rely on living close to jobs and amenities. As a result, both privately and publicly held abandoned properties are increasingly being taken by families who have few options.
According to resident Fundisa Loza, living in the CBD is a necessity rather than a luxury. A rise in rents in Cape Town’s inner city is exacerbating the housing crisis, forcing many low-income residents into illegally occupied and abandoned houses as affordable accommodation becomes increasingly out of reach.
Property prices in the central business district have risen dramatically, owing in part to a tourism boom and the quick spread of short-term rentals such as Airbnb, pricing out workers who rely on living close to jobs and amenities.
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