"In the last five years, property prices have risen 31%, according to official data. That was double the rise across South Africa's seven other metropolitan municipalities."
"Cape Town has suffered from a housing crisis long before middle class residents started feeling the pinch. The geographic inequality of apartheid persists, more than 30 years since the end of white minority rule."
"More than 400,000 were on the waiting list for social housing in September 2024, according to the most recent city government data, while 18.8% of residents lived in informal housing."
Graffiti in Sea Point reflects local discontent towards foreign property buyers and digital nomads, blamed for rising housing costs. Property prices in Cape Town increased by 31% over five years, significantly higher than the national average. The city has a long-standing housing crisis, with over 400,000 people on the social housing waiting list. Despite being well-managed, Cape Town struggles with inadequate housing and infrastructure development, as its population grew 65% from 2001 to 2022, leading to increased informal settlements and social inequality.
Read at www.theguardian.com
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