The South African housing market is a tale of two cities. Cape Town’s home prices have shot up by 25%, attracting many buyers despite the rising cost of living, while Johannesburg’s prices have climbed more modestly at 12%, making it a tempting option for those seeking better economic stability. Many people are reconsidering where to live, with some returning to Johannesburg for a sense of comfort and affordability. As economic pressures weigh heavily, both cities tell a story of resilience and adaptation as South Africans navigate their changing world, searching for a place they can call home.
Cape Town is making big changes to how shortterm rentals, like those on Airbnb, operate in the city. New rules will require property owners to register and pay taxes, aiming to protect the community and address housing shortages. This move is inspired by other cities worldwide and hopes to link shortterm rentals more closely to traditional tourism. With these changes, property owners may have to rethink their rental strategies, ensuring that the city remains a beautiful place for both residents and visitors. Cape Town is taking steps to balance its charm and tourist appeal with the needs of its local community.