IN NEW York "you’re always looking for a job, a boyfriend or an apartment", quipped Carrie Bradshaw in the now-dated ’90s romantic sitcom Sex in the City. She might as well have been talking about Cape Town.The Mother City is well-known for its shortage of eligible straight men, and if you’re one of the lucky few who has managed to avoid a job pulling pints with your Master’s degree, you’ll find your salary will pale in comparison with your peers in Johannesburg as a result of the so-called "lifestyle premium". But it is the Cape’s cut-throat property rental market that really stings.This meteoric rise in Cape Town property prices in the past several years has made it near impossible for first-time buyers to enter the market, and many prospective buyers have been forced to rent while they save for a bigger deposit. The good news for those who couldn’t afford to buy is that the rapid growth in house prices over the past two to three years has started to taper off. House prices are ev...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.