SA’s super luxury home rentals bounce back – with one Irish tenant paying R130,000 a month
South Africa's luxury homes are back in high demand, especially by foreigners, after the pandemic-induced downturn.
But it's a five-bedroom home in Upper Constantia, rented to an Irish tenant for R130,000 per month, that set a record.South Africa's super luxury property rental market is bouncing back in the wake of the Covid-19 pandemic's worst, with foreign tenants paying upwards of R100,000 per month for homes in high-end suburbs, according to Seeff Property Group.
Cape Town remains the most popular destination for overseas visitors and foreign-rented holiday homes, with interest in Camps Bay, Fresnaye, and Tamboerskloof in the City Bowl surging post-lockdown, according to Jessica Marais, rentals manager for Seeff Atlantic Seaboard.Examples of this fresh demand for high-end homes along Cape Town's Atlantic Seaboard include a Camps Bay property rented to a family from Sweden for R100,000 per month.
The Upper Constantia property, rented to a tenant from Ireland, costs R130,000 per month, setting a new record, according to Jacqui Bush, rentals agent for Seeff Constantia. The foreign tenant paid for a three-year lease upfront.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: The Right to Food - Activism and Litigation Are Shifting the Dial in South AfricaAnalysis - Even before the pandemic and the recent global rise in food prices, millions of South Africans were hungry. In 2019, nearly 18% of households could not access enough nutritious food for a healthy and productive life. Child stunting remains stubbornly high, affecting 27% of children under five (double the global average). And 10% of children are either wasted (thin for their height) or underweight.
Read more »
South Africa: KwaZulu-Natal Premier Names New Cabinet - South African News Briefs, August 11, 2022
Read more »
South Africa: Ace Magashule Loses Suspension Case - South African News Briefs, August 11, 2022
Read more »
75% of South Africans earn 11% of the country's income, study findsAfrica Melane spoke Jacolize Meiring, head of the Personal Finance Research Unit at the University of South Africa about personal income estimates for South Africa between 2011 and 2022.
Read more »
Zimbabwe, South Africa to 'Collaborate' on Expiry of PermitsZimbabwe and South Africa will work together to find a common solution on the Zimbabwe Exemption Permits (ZEP) that are due to expire at the end of 2022, Africa Moyo of The Herald reports. Zimbabwean Foreign Affairs and International Trade Minister, Ambassador Frederick Shava, said the expiry of the exemption permits "has been on the cards for some time" since South Africa announced the new measures which would have left hundreds of thousands of Zimbabweans and their children no longer be able to live, work and go to school in South Africa legally. "The Zimbabwe Exemption Permit will expire at the end of this year. Its expiry is naturally causing much anxiety to the holders of this permit," Shava said. Our two governments must work closely in the implementation of this decision. We are ready to receive our nationals back home." The termination of the ZEP will otherwise leave about 178,000 Zimbabweans undocumented, as well as thousands of children who have been born in South Africa to parents hiolding the permit. Legal action was also taken by the Helen Suzman Foundation over the original decision to scrap the permit.
Read more »
WATCH | Idris Elba and Trevor Noah bond over their love for South Africa | ChannelThe British actor is promoting his latest film Beast, which was filmed entirely on location in South Africa, and stopped by The Daily Show to chat more about it.
Read more »