Today's Big Stories

Top four reasons why residents choose to live in Cape Town's CBD

Emerging trends are showing that residential habits in the central city are changing.

(Also read our article: Why more Joburgers are flocking to buy property in Cape Town)

The Cape Town CBD is home to a range of different people and owner-occupied properties have increased from 47% last year to 52% this year.

This is according to the Central City Improvement District (CCID), which released its third annual residential survey, studying residential trends in the CBD.

Listen to the full conversation from CapeTalk's Breakfast with Kieno Kammies:

The CCID's communications manager, Carola Koblitz said the inner city residential population is growing.

Over 50% of the survey respondents own the property they live, while 73% live within 3km of their work or place of study.

Top four reasons cited by respondents for wanting to live in the CBD are:

1. The proximity to places of work.

2. The idea of a “downtown” lifestyle.

3. Easy access to other suburbs in Cape Town.

4. Perceptions that the CBD is a safe environment.

As recorded in the findings, residents still fall primarily within the 25 to 34-year-old age group (37% versus 40% in 2014), but the biggest increase in age bracket has been in the 35 to 44-year-olds.

Last year this group represented 22% of the survey, whereas this year the percentage has climbed significantly to 31%.

The survey also found that 25% of the respondents have children and 26% have pets.


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