Airbnb landlords beware – short-term rental comes under fire
Short-term rentals are coming under fire, especially in tourism hotspots like Cape Town with a possible new tax and regulations being formulated.
Short-term rentals are coming under fire, especially in tourism hotspots like Cape Town with a possible new tax and regulations being formulated.
Seeff Property Group reports that the Cape Town luxury property market is booming, with many foreign buyers unconcerned about their investment regardless of what’s being said in the US.
Cape Town is still seeing the highest prices paid for super luxury homes with Camps Bay, Clifton and Constantia leading among the most popular for homes sold priced over R20 million this year.
There are several reasons why three particular areas—Atlantic Seaboard in CT, Durban in KZN, and Sandton in Johannesburg—are rather special.
A McKinsey report on climate change and real estate says that agents are moving climate change to the top of their agendas – for good reason.
The 2024 Knight Frank Wealth Report is out and it reveals that luxury real estate prices climbed by 3.1% in 2023, with Cape Town properties ranking in the top five.
Savills’ Prime Residential World Cities Index lists the next four forecasted highest-growth markets.
An analysis of the average selling prices across the country by the Seeff Property Group this year reveals that nine of the most expensive suburbs are in Cape Town. Only Sandhurst from the Sandton/Joburg area makes it into the top ten.
During Q3 2023, the Western Cape’s sales totals trumped that of Gauteng’s sales totals, despite it being a smaller region. Semigration combined with a recovering tourism sector along the Atlantic Seaboard has seen demand drive rentals up by 20% – 35% and more.
The City of Cape Town has announced that it will be launching a homeownership ‘No Cost Transfer Programme’ to enable qualifying City-tenants to become owners of their rental units over the next three years.