An aerial view of Eastridge, Mitchells Plain.
By Darren Francis
For decades, South Africa’s affordable housing market was defined by predictable boundaries. But that narrative shattered when a 218-square-metre property in the Cape Flats area of Mitchells Plain sold for R2.15 million.
Concluded by estate agent Meagan Benjamin of Strandfontein Rawson Properties, the transaction shattered foundational assumptions about urban affordability and exposed a housing market quietly shifting beneath our feet.
According to the Centre for Affordable Housing Finance in Africa, the affordable market traditionally occupied the R300 000 to R600 000 segment.
