Cape Town holiday rentals testing new highs
Demand for short-term holiday rentals in Cape Town and surrounds seems to be on the rebound following the partial lifting of water restrictions
As Cape Town approaches its peak tourist season, property owners are wasting no time trying to cash in on what industry players expect will be a far more buoyant holiday rental market than last year. Estate agents have reported a rush of inquiries from local homeowners looking to let their properties to holidaymakers over the coming festive season. While the bulk of Cape Town’s holiday rentals are priced at R10,000-R30,000 a night, trophy homes in posh Atlantic seaboard suburbs are testing new highs. A number on the market have staggering price tags that exceed R100,000 a night. And, surprising as it may seem, some of these uber-luxury rental abodes have already been let. For instance, two high-end homes on Clifton’s most expensive street, Nettleton Road, recently fetched R110,000 and R130,000 a night each through Dogon Group Properties. Company CEO Denise Dogon says that without a doubt there has been a resurgence in demand for holiday rentals. "The rainfall we have had in Cape Tow...
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