INNER CITY CITY INVESTING INVESTING
According to Andrea Tucker , Director of MortgageMe , this urban densification trend is accelerating post Covid-19 due to lockdowns having changed the way people work , leaving many office and retail spaces in city CBDs empty and disused . This is urging developers and investors who own commercial properties in inner cities to transform their building stock into residential or mixeduse developments and reigniting a trend for inner city living , with its benefits of reduced commuting
time , lower living costs , and better access to transport hubs , essential services , and universities .
“ The shift to inner city living tends to be more inclusive of lower income home seekers while also combating unsustainable urban sprawl ,” says Tucker . Cities have a huge capacity to densify and support large numbers of people while limiting their impact on the environment due to reduced land consumption , efficient infrastructure , and fewer cars on the road . And , with the state
80 JUNE 2022 SA Real Estate Investor Magazine