CAPE TOWN – Homeowners are increasingly keen on apartment living in South Africa, Stats SA revealed.
For every 100 plans stamped for houses in 2013‚ 26 were approved for flats. This ratio rose to 59 last year.
Stats SA assessed building statistics to establish where the most spacious homes were being built‚ and what the average construction costs were.
“Flats have grown increasingly popular in South Africa’s cities over the last couple of years‚ even outstripping the construction of town houses‚” it said.
The demand for town houses has also increased‚ but not as much.
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In 2013‚ the ratio of town house plans approved for every 100 dwelling-house plans was 25‚ climbing to 33 last year.The increasing demand for flats occurred in nearly all of the eight metros‚ but particularly in Tshwane, where new developments are evident in Hatfield‚ Pretoria CBD and the planned “green mega city” at Menlyn Maine — as well as Cape Town and eThekwini.
Building plans with the most generous floor area were approved by Durban for houses‚ town houses and flats.
Space is at a premium in Cape Town.
The city approved building plans for large numbers of small residential units — between 30m² to 80m² — across the city.
Construction costs in eThekwini are the most expensive‚ but only for houses and flats.
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Tshwane takes the top spot for town houses. It will cost you an average of R8575/m² to build a town house in the capital city‚ according to data for 2016.
Buffalo City‚ which includes the coastal city of East London‚ recorded the lowest costs for town houses and flats in the same year.
Despite the rise in flats and town houses‚ Stats SA confirmed that houses still dominated the residential landscape: 64 percent of households in metro areas live in formal houses, 2.6 percent in town houses and 5.4 percent in flats.
The migration trend towards the metros — already home to 40 percent of South Africans — by people seeking economic opportunities is a notable factor for future building trends.