Re­tirees want to live with fam­ily mem­bers

Weekend Argus (Saturday Edition) - - PROPERTY -

IN­TE­GRA­TION with other gen­er­a­tions in­stead of be­ing iso­lated is a fac­tor many se­niors are be­gin­ning to seek, says Clive Man­tle of Se­nior Ex­po­sure.

And while young fam­i­lies might find the owner price tags in the CBD quite high, the de­mand for rental is fast in­creas­ing for this end of the mar­ket, as the cen­tral city moves to­wards a multi-gen­er­a­tional mix.

A dip­stick on­line res­i­den­tial sur­vey con­ducted by the Cape Town Cen­tral City Im­prove­ment Dis­trict for its 2016 in­vest­ment guide, The State of Cape Town Cen­tral City Re­port, noted that one out of ev­ery five re­spon­dents had chil­dren liv­ing with them – just un­der 20% of all those who took part.

While the ma­jor­ity of these fam­i­lies in­di­cated be­tween one and two chil­dren liv­ing in the home, there was a re­luc­tance among re­spon­dents to in­di­cate the ages, says the ed­i­tor of the re­port, Carola Koblitz.

“But, quite a few in­di­cated that they had chil­dren rang­ing from 4 to 13 years of age – the school-go­ing years.”

Not­ing that the primary res­i­den­tial group with the new 169-unit res­i­den­tial com­po­nent of the Radis­son in Riebeek Street was pri­mar­ily “young in terms of oc­cu­pants”, David Co­hen, man­ag­ing di­rec­tor of de­vel­oper Sig­natura, con­firmed that sev­eral of the units were rented by fam­i­lies with young chil­dren. They had been at­tracted not only to the fam­ily-friendly ameni­ties of the build­ing, such as the pool and ho­tel ser­vices that ex­tended to babysit­ting, but also to the prox­im­ity of schools sit­u­ated in and around the CBD.

More se­niors choose life with younger fam­ily mem­bers.

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