During the past year, the City of Cape Town CBD received more than R9-billion worth of investment and 12 000 applications for rezoning, developments and sub-divisions. This confidence in the property sector was borne out by a report conducted by JHI Real Estate which expected the CBD to see 2 340 new housing units by 2007, while the N2 gateway project will bring on 400 units in District Six. These 2 340 units for 2007 compare to only 840 units in 2004 and illustrate the demand in the city at present.

The boom in residential property presently is balancing the emphasis placed recently on hotels and commercial developments but analysts have speculated that the residential market may not be able to support the influx of upmarket units and we could see a shift towards developments catering for the middle-income market.