In this article by various writers, published on the 2nd October 2021 on the Property 24 website, it is predicted that holiday rentals will boom this summer and that Cape Town will be the hot spot.
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TRITONIA VILLA courtesy of CAPE LETTING
Although holidaymakers tend to leave bookings a bit late, there is no shortage of eagerness to get away for a holiday. Many are looking to book a secure spot that allows them to get out of the house to a convenient coastal spot that does not leave them at risk if there is another pandemic wave.
While some international travel will still be affected due to travel restrictions for South Africa, Seeff’s agents expect locals to flock to holiday destinations around the country this summer.
Ross Levin, licensee for Seeff Atlantic Seaboard and City Bowl says Cape Town will be a hot spot. The attraction is endless and there is no doubt that those who can travel, will head to the Cape and will find good value too.
The beaches, lifestyle and tourist attractions remain a key differentiator for the Cape coastal areas. Marina Enslin, an agent with Seeff Paternoster, for example, says that weekends are basically fully booked in the village as people look to escape the city.
Ciska de Vries, short-let rental agent for Seeff Hermanus says they are already about 85% booked out for December and January. This year has been a surprise with bookings in Hermanus tripling, some homes have even quadrupled in booking conversions, she adds.
She says further that guests have more downtime with extended school holidays and lockdown periods and guests have been eager for mini breakaways. 90% of bookings are local South Africans with only about 10% international, mostly from Europe and a few from the USA.
Prices have remained fairly flat with a slight decrease in some rates. Rates are down by about 20% from what they should have been if there was no pandemic, hence the rate for a three-bedroomed house is around R2 500/night and for a luxury 6-8 bedroomed villa about R12 500/night max.
Weekend bookings also remain popular. Month-to-month rentals are also booming in Hermanus due to the pandemic as people look to escape the confines of their city homes. Rentals range from R15 000/month for a smaller home to as much as R35 000 for bigger homes. Bookings are coming from Joburg, Pretoria and even KZN, often at short notice as people want to quickly get away before the restrictions.