TOURISM
Vacation rents soar on Cape’s Riviera
Dollar-and euro-toting tourists pay premium rentals along the Atlantic Seaboard
Owners of properties along the Atlantic Seaboard who had rented out their assets during the festive season enjoyed a strong period as tourists were prepared to pay premium rentals given their relatively low cost in dollar and euro terms. "It’s been a bumper holiday season for the owners of rental homes on the Riviera of Cape Town, the ribbon of prime coastal property that stretches from the V&A Waterfront on the north shore of Table Mountain all the way down the west side of the Cape Peninsula to Hout Bay," said Charl and Adél Louw, principals of the Chas Everitt International franchise on the Atlantic Seaboard. "Daily rentals of R5,000 to R6,000 for a two-to three-bedroom apartment in Bantry Bay or Clifton were easily obtained, while a spacious eight-bedroom, multilevel villa with every mod con and panoramic views we have on our books achieves as much as R150,000 a day in season," they said.
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