R1 million for a seven square metre micro-apartment

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R1 million for a seven square metre micro-apartment
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The flat consists of a studio room and a separate wet room, with space for a bed, toilet and shower, a sink, a microwave and some storage.

Micro-apartments have grown increasingly popular in major European cities such as London where space is at a premium and property prices are at a record high.in Cape Town and Johannesburg as investment rental properties targeting students and young professionals living and working in the city.

“Co-working remains popular, as does co-living – in micro-units with shared living spaces which offer community and reduced costs and maintenance. It is also becoming apparent, particularly given the acceleration in fuel price hikes, that even if people only come to the office occasionally the office needs to be in a prime and accessible location, making location even more important than before, said Golding.

For many young people, living in the CBD is not only about access to work it is also about the ‘buzz’ factor, he said.

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