Already a growing trend in South Africa prior to Covid-19, the pandemic has accelerated the concept of dual living and estate agents in many areas in Cape Town are fielding an increasing number of queries for properties that will accommodate more than one family, but they are few and far between.
“With the additional financial pressures of Covid-19 in an already subdued economy, demand for such properties shows no signs of abating and is very likely to increase exponentially in the coming years. “Also contributing to the rising popularity of the trend is the shortage of retirement accommodation, the added security offered by multiple residents, the financial saving of a single set of rates as well as the increasingly common need for homeowners to reduce the bond burden by taking in a paying tenant.”
Best to all, Margie, Clare, Fiona, Terry, Arlene, Alison & Jane