Cape Town, known for its breathtaking landscapes and vibrant culture, has recently been named as the second most affordable city in the world, according to a list by “Finance Buzz” published by Seasia Stats.
While this accolade may herald a new era for tourists and expatriates seeking an affordable lifestyle, it has ignited a wave of discontent among locals who argue that the city’s attractiveness has come at a steep cost to them.
The recent assessment paints a picture of Cape Town as an affordable haven, particularly for retirees and digital nomads.
However, the reality on the ground tells a different story.
Many residents express their frustration, citing that the affordability touted by the rankings is largely a mirage, primarily benefiting foreign buyers who are snapping up properties, thus driving up prices and making it increasingly difficult for locals to find reasonably priced accommodation.
“Please don’t come to Cape Town, we are full. Thanks,” commented @matgrim88, encapsulating the sentiments of many who now perceive their city as overwhelmed by tourist influx.
Similarly, another social media user, @morneh1985, pointed out, “Cape Town is only cheap for foreigners buying out property and making it unaffordable for locals.”
This underscores the growing discontent among citizens, who feel alienated in their own hometown.
Further adding to the chorus, @stevethaysen lamented, “You’re kidding me, right? Cape Town has become the most expensive city in Africa to live in. We locals are barely hanging on.”
Their statements highlight a disconnect between the narrative presented by external evaluations and the daily lived experiences of average Capetonians.
Another user, @albertgrobler50, said, “If Cape Town is the second cheapest, I might as well accept I’ll never live my best life.”
Interestingly, the overwhelming response from the community reveals that the city’s newfound popularity as a world-class tourism destination may be more of a double-edged sword than a blessing.
According to reports, rental prices have skyrocketed, leaving locals struggling to secure affordable housing in a city where even a basic flat can come with a hefty price tag.
Despite the critiques echoing through social media, Seasia Stats paints a different picture.
Their post highlights the Mother City as dynamic and filled with opportunities for those looking to enjoy a high-quality life without a hefty price tag.
Nonetheless, the juxtaposition of these narratives leaves many residents questioning the authenticity of such rankings.
As the city grapples with its identity – one that straddles the realms of local hardship versus global allure – the question arises: who truly benefits from Cape Town’s rise in global rankings?
For those curious about the competition, here’s the full list of the 15 cheapest cities in the world to live your best life:
- Bari, Italy
- Cape Town, South Africa
- Cebu, Philippines
- Hamilton, New Zealand
- Hanoi, Vietnam
- Heraklion, Greece
- Istanbul, Turkey
- Kuala Lumpur, Malaysia
- Medellín, Colombia
- Mexico City, Mexico
- Mumbai, India
- Oaxaca City, Mexico
- Bangkok, Thailand
- Split, Croatia
- Valencia, Spain
