The swallows are back…give them a nest

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With international arrivals figures back to pre-Covid levels , Paul Stevens of Just Property asks whether it is time to reconsider buy-to-let and offers a guide to maximising returns.

“The 2022/2023 season also welcomed double the number of ship calls compared to the last complete season,” said Wesgro, the Western Cape government’s official tourism, trade, and investment promotion agency.Stevens, CEO of Just Property, believes this offers embattled South African homeowners an opportunity to make extra income by listing their properties on platforms like Airbnb or buying properties to rent them to tourists.

By investing in sought-after areas and listing on platforms like Airbnb, homeowners can earn impressive returns, leveraging the consistent influx of tourists into the country. “While TVET and rural colleges are hardest-hit, there is also a scarcity of safe, affordable, and convenient accommodation in university towns like Cape Town, Stellenbosch, and others that have seen a rise in the student population.”Stevens added, “There is a glaring lack of rental properties available to young professionals, especially in areas close to employment hubs. This presents an unmissable opportunity for property investors.

Stevens notes, “Students and young professionals seek convenience, safety, and connectivity. Properties that cater to these needs will always be in demand.”• Focus on properties close to universities, colleges, and city centres. The South African property market offers lucrative opportunities, whether the short-term allure of tourist-driven rentals or the steady, long-term appeal of student and young professional housing.

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