The inner city has become an increasingly popular residential choice among various groups, including young families, creative professionals and entrepreneurs.
And these are the top trends behind the resurgence of inner city living, says Carel Kleynhans, director at Ithemba Property Development.
It’s all about community
One of the top trends in urban rejuvenation is the creation of co-living spaces, with combinations of residential, retail and recreational spaces.
“This means you can live, work and play in the same neighbourhood.”
Affordability
Kleynhans says many people do not realise that a new apartment in the inner city could actually be more affordable than renting far away and paying for transport.
Also, newly-developed buildings in the city often incorporate the latest technologies to help residents save hundreds of rands a month on water and electricity.
Safety
Reputable property and building managers employ state-of-the-art security measures and regular maintenance crews to ensure that their properties are clean and safe, putting an end to the stereotype of derelict slums.
Access to everything
A city residence is generally centrally located close to major attractions, transport routes, schools, and shopping outlets, making it easy to manage your lifestyle needs without having to travel far, he says.
Less commuting time
For many, moving to the city means cutting their commute right down or even eliminating it completely, giving them more time to spend where it matters.
Additional value
In addition to reasonable rents, Kleynhans says investors in inner city residential properties have recognised the demand for always-on connectivity.
“Many offer extras like affordable high-speed internet, backup supply solutions to safeguard against load shedding, as well as loyalty and referral schemes that incentivise long-term rentals and on-time payment.”
Quality: Brand new apartment buildings
Urban renovations and developments have become a popular investment vehicle for property entrepreneurs, who are bringing back those long-absent cranes and developing brand-new apartment blocks with modern finishes and appliances.
Entertainment
Many developments in the city today include a number of recreational facilities, such as parks, children’s playgrounds, gyms and retail outlets.
“And where such facilities might not necessarily be located on the property, there is an array of options nearby,” Kleynhans says.
The city aesthetic
“There’s a reason why people have always been attracted to the bright city lights. There is an infectious energy about that never-ending bustle that tends to uplift and inspire - it’s no wonder that many of the people who choose to make the inner city their home happen to be creative types.”
Compact and convenient living spaces
One of the biggest trends to take the world by storm in recent years has been the “compact home” movement, inspired by the general increase in environmental awareness and a desire to combine conscious living and convenience.
“A compact home in the heart of the city is easy to clean and maintain and lets you lock up and go as it suits you.”