Cape Town houses ranked the third most expensive in the world

Cape Town's housing prices have reportedly increased to such an extent that middle-class families are finding it virtually impossible to put a roof over their heads. This according to Knight Frank's Global Wealth Report which, among other things, lists property price growth around the world.

The City of Cape Town is ranked third in the world for the highest housing prices, falling behind only Shanghai and Vancouver.

Ndifuna Ukwazi researcher Julian Sendin, says the issue of increased housing prices is a global phenomenon, but what fuels South Africa's housing crisis is apartheid's painful spatial planning history.

Sendin goes on to say that because that housing legacy hasn't been resolved, the next wave, which has brought evictions and price hikes in the city adds fuel to fire.

This is an incredibly complex issue. The city needs to do a number of things.

Julian Sendin, Researcher, Ndifuna Ukwazi

The state needs to build well located, affordable, subsidised housing explains Sendin. He says because these type of houses tend to be built on the urban periphery and far from jobs, a repetition of the past is then created.

The City of Cape Town should, through its land-use legislation, regulate its private and public development, negotiate using the land-use right to grant up-zoning if affordable housing is provided, he proposes.

The housing backlog is so enormous that there's no way the State, at all levels, can deal with this problem by themselves. They have to leverage the capacity of the private sector to assist them.

Julian Sendin, Researcher, Ndifuna Ukwazi

Take a listen to the full interview in the clip below:


Recommended

by NEWSROOM AI
Read More
Diepsloot protests: Joburg cops on the N14 helping with traffic gridlock

Diepsloot protests: Joburg cops on the N14 helping with traffic gridlock

Edna Mamonyane Johannesburg Metro police spokeswoman says reinforcements are on the affected highways.

Imizamo Yethu community leaders feel let down by the City of Cape Town

Imizamo Yethu community leaders feel let down by the City of Cape Town

Residents of the informal settlement in Hout Bay have ended their almost week long protests over service delivery.

"The issue of hijacked buildings doesn't discriminate between nationalities"

"The issue of hijacked buildings doesn't discriminate between nationalities"

Luyanda Mfeka, City of Joburg's media specialist says plans are being made to clamp down on hijacked buildings.

Imizamo Yethu residents not backing down from protests

Imizamo Yethu residents not backing down from protests

Longtime Imizamo Yethu community worker Kenny Tokwe sheds light on frustrations there saying City should have communicated better.

Mayor de Lille: CoCT to fast track re-blocking process #HoutBayProtest

Mayor de Lille: CoCT to fast track re-blocking process #HoutBayProtest

The Mayor of Cape Town says the City will provide building materials and move the fire victims back to the demarcated area.

Imizamo Yethu protests bring Hout Bay to a standstill

Imizamo Yethu protests bring Hout Bay to a standstill

Councillor, Xanthea Limberg says a issues surrounding a housing project in the area lead to the protests.

702 drive time host has made her mark on SA radio #FarewellRedi

702 drive time host has made her mark on SA radio #FarewellRedi

Redi Tlhabi will be embarking on a new leg of her journey but we remember some moments that made a big impact.

Update: Former athlete receiving help from Ombudsman after housing issues

Update: Former athlete receiving help from Ombudsman after housing issues

Ombudsman for Community Schemes, Themba Mthethwa has stepped in to help Thulani Sibisi secure occupation to his house.

Joe Slovo Park: "It's all just escalated now to a point where it is exploding"

Joe Slovo Park: "It's all just escalated now to a point where it is exploding"

Milnerton CPF chair Lianne Lippert says the communities grievances have fallen on deaf ears for years.

Amcu: building of homes for families of Marikana victims set to move faster

Amcu: building of homes for families of Marikana victims set to move faster

Amcu leader Joseph Mathunjwa says it has taken five years to hand over the first home due to red tape and lack of resources.

Popular articles
The Polo GTI has got that vrrrpha mentality written all over it - Jacob Moshokoa

The Polo GTI has got that vrrrpha mentality written all over it - Jacob Moshokoa

Automotive Journalist, Jacob Moshokoa shares his views of the Polo GTI 2018, and chats about the vrrrpha mentality among young men

Sucking titties does not cure cancer, it detects it - Lillian Dube

Sucking titties does not cure cancer, it detects it - Lillian Dube

Actress, Cancer survivor and activist Lillian Dube shares why she decided to be a cancer activist.

Yet another wet and cold weekend for Gauteng warns weather service

Yet another wet and cold weekend for Gauteng warns weather service

Gauteng residents are warned to brace themselves for another weekend of heavy rain, possible hail and damaging winds.

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.

Calls for more women to come forward and testify at Timothy Omotoso's trial

Calls for more women to come forward and testify at Timothy Omotoso's trial

Thanduxolo Jindela explains why he is running a campaign to encourage more of Omotoso’s victims to come out and testify.

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

Azania Mosaka catches up with Sbahle Zwane's mother to hear about developments with his schooling.

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

Check out the videos, tweets, Facebook posts that have gone viral and why this kid cheered her dad on in the toilet.