HIGH-END RENTALS
Looking ahead to the approaching summer high-season period , she notes that stock levels are quite depleted with quality properties renting out quite quickly . Due to the high demand for luxury rentals , rental prices are up by between 15 to 20 percent from last year .
“ There has been a tremendous uptick in luxury rental demand this year across the high-end suburbs such as Camps Bay , Fresnaye and Tamboerskloof in the City Bowl .”
BREAKING RECORDS : CONSTANTIA & BISHOPSCOURT
Constantia Upper – R130,000 / month for this spectacular estate with a 5-bed main residence plus two cottages and three staff suites .
Jacqui Bush , rentals agent for Seeff Constantia confirms there is now strong demand from international tenants . Aside from achieving a record rental of R130,000 per month in Constantia Upper , she is working with various clients from the US and UK .
They are looking for premier properties in Constantia Upper , often coming to South Africa for work or
114 SEPTEMBER 2022 SA Real Estate Investor Magazine