Cape Town - The results of the latest annual residential survey conducted at the end of 2017 by the Cape Town Central City Improvement District (CCID) has revealed that residents living in Cape Town’s downtown feel very much at home.
Carola Koblitz, CCID Communication manager and editor of the organisation’s annual investment guide (The State of Cape Town Central City Report), said the dipstick survey has been conducted online since 2013, and while results on the whole have remained relatively constant from year-to-year, there have been some interesting shifts over the course of the past 12 months, in comparison to 2016’s results.
“While the respondents are still split around 50/50 between those who own the units they live in and those who rent, what is clearly evident is that people are now staying in their apartments for a number of years – well beyond three years and upwards.
"There has been a huge jump in particular in the number of people who now say they have been living in the Central City for more than 10 years. In 2014, for example, only 15% of respondents indicated they had been living in the CBD for more than 10 years. In the latest 2017 survey, this now sits at 32% – more than double.
"What this shows us is that the downtown is building a solid neighbourhood community of loyal residents, living mostly in buildings that were once upon a time office blocks."