Cape Town Housing Crisis Worsens Amidst Airbnb Boom and Rising Rents
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1 SourcesCape Town, South Africa
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Cape Town Housing Crisis Worsens Amidst Airbnb Boom and Rising Rents

Cape Town faces a severe housing crisis, with soaring rental prices and a boom in Airbnb listings exacerbating the issue. Many residents, like Fundisa Loza earning 8,400 rand monthly, cannot afford the 10,000 rand average rent for a one-room flat. This situation leads to illegal occupations of abandoned buildings in the city center. The number of Airbnb listings has surged by 190% since 2022, with units often costing around 1,500 rand per night, removing long-term rental options and displacing locals.

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