Bo-Kaap property prices climbing up

Cape Town's picturesque Bo-Kaap is a city landmark whose colourful houses, mosques and architecture attracts tourists. Now buyers are paying millions to buy out locals, many of whose families have lived for generations on the slopes of Signal Hill. Some residents say this is leading to the loss of identity of communities and their sense of tradition. Recent property prices include a one-bedroom, one-bathroom at R1,175-million; a four-bedroom, four-bathroom townhouse for R1,85-million, and a two-bedroom, two-bathrooms house for R1,495-million. The Bo-Kaap Civic Association would like to keep its historical character and doesn't want families to sell but they are are not listening. The local tradition is for young people to inherit houses from their parents.