Northern suburbs rentals spike amid affordability crisis

Given Majola

THE rental market in Cape Town’s northern suburbs is experiencing strong growth, experts advised, amid the slight VAT increase announced by Finance Minister Enoch Godongwana, which may raise the cost of purchasing properties. Mariël Burger, area manager at Pam Golding Properties for Cape Town North, said the rental market in Bellville, Durbanville and Parow is experiencing strong growth. “Some of the reasons for this include an influx of residents from other provinces to the Western Cape and the area’s proximity to business hubs like Tyger Valley and Century City. Demand is outpacing supply, so the market has become more competitive, with resulting increased rentals and a shortage of rental stock. Significant numbers of people are moving to Bellville, Durbanville and Parow from other regions around South Africa. “Many of these…

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Cape Argus (Digital) - 1 Issue, 2025-03-17

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