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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