Are you cut out for city living ?
Cities have a vibrancy that is hard to match in rural and suburban areas , with nearby bars , markets , shops , restaurants , office buildings and new co-working spaces enabling collaboration and physical connection , ideal for young , up-and-coming homeowners as well as start-ups and SMEs .
of the economy as it is , more middleclass South Africans are looking for smaller , centrally located spaces with lower rates and levies . “ This trend among the younger middle class to buy smaller , lock-up-andgo spaces in cities is driving urban regeneration and boosting the urban residential property market .”
“ A quote that came out of the United Nations Conference on Human Settlements described cities brilliantly as ‘ engines of growth and incubators of civilisation ’, so it is heartening to see people investing in inner cities , which , in turn is creating a positive inner-city housing market ,” shares Tucker .
Andrea Tucker Director
MortgageMe
SA Real Estate Investor Magazine JUNE 2022 81