SA’s holiday rental market has shrugged off tough economic times, with the sector reporting a bumper festive season. Property industry players say the short-term letting market has been boosted by the weak rand, which prompted more locals to swap expensive overseas holidays for domestic trips, while more foreign travellers are discovering SA’s value-for-money proposition. Despite Airbnb placing pressure on rentals in some pockets of Cape Town’s accommodation market over the past festive season, rentals in prime hot spots along the Atlantic Seaboard still tested new highs. In Llandudno, Seeff Shortstay let a luxury six-bedroom house at R95,000/day to a family from Dubai. Meanwhile, the Chas Everitt International franchise on the Atlantic Seaboard achieved a staggering R150,000/day for an eight-bedroom multilevel villa with every conceivable modern convenience and panoramic sea views. Pam Golding Properties rental agent Janine Sullivan says the group let a number of properties in Clif...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.