HIGH-END RENTALS
Aside from residential rentals , Moira Atkinson , a rental agent with Seeff Franschhoek says there has been increased demand from foreign visitors as well as people semigrating to the Cape .
It is expected that both the Cape Peninsula as well as the surrounding coastal and winelands areas will be in hot demand over the approaching summer and holiday season . This , says Ms Atkinson , will naturally further boost the demand for rentals .
Seeff is also observing that the renewed trend of semigration to the Cape is adding further impetus to the rental market with people moving here often looking to rent before they buy .
TIME IN THE SUN : KZN NORTH COAST
Aside from local tenants , especially from upcountry the KZN North Coast area is also popular with international tenants . Semigration is also a big driver of demand for rentals in the area .
Brett Botsis , licensee for Seeff Umhlanga says the rental market continues to perform well as the area is now a hotspot for high-networth buyers and tenants . Rates for high-end properties range from around R35,000 per month to as much as R60,000 in Hawaan Forest Estate and R100,000 per month for a luxury house in Umhlanga Rocks . Market stock in estates in the Zimbali / Ballito area such as Zimbali currently ranges around R45,000 to R55,000 per month
118 SEPTEMBER 2022 SA Real Estate Investor Magazine