Alphonse Knox asked 2 weeks ago
Yet, for now, occupancy figures and the talk around the neighbourhood suggest that short-term rentals are offering attractive returns. In the latter half of 2019 the Atlantic Seaboard in general, and Sea Point in particular, saw scary headlines about ‘slow decline’ or outright ‘carnage’ in the property market. With a reputation for innovative design and premium locations, Berman Brothers developments maximize rental income, capital growth, and long-term valu
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Within Cape Town, the Atlantic Seaboard real estate market—with its breathtaking coastline, luxury developments, and high rental demand—remains the most desirable location for property investors. The Sea Point property market remains strong, with demand for modern apartments and luxury developments. Explore these market trends to see the seasonal and long term changes in property prices and sales for Sea Point. Simply put, prices are being driven by the surge of buyers entering into the market and the limit of property available for sale. Sea Point has more than a dozen Airbnb properties, and the market is an obvious option for those who’re interested in short-term rental
Sea Point’s property market has remained active over the past year, with some interesting trends emerging between freestanding homes and sectional title properties. If you’re Property for sale curious about what’s happening in the Sea Point property market right now, you’ve come to the right place. Property values continue to appreciate, with prices ranging from R3 million to over R10 million, ensuring excellent returns for investors. Its prime location along the Atlantic Seaboard makes it a top choice for buyers and investors looking for a vibrant lifestyle and strong property value appreciatio
But while average prices on the Atlantic Seaboard did indeed decline by 5.1% year-on-year in Q1 2019, most of the hurt was felt at the top end of the market. As a leader in luxury property development on the Atlantic Seaboard, Berman Brothers Group specializes in creating exceptional, high-end apartments that cater to both investors and homeowners. Luxury developments continue to push property values higher, making it a solid long-term investment. Over the past decade, Sea Point property prices have increased by 8% to 12% annually, well above the national average (Property24). Additionally, AirDNA reports that short-term rentals in Sea Point boast occupancy rates of 65% to 85% during peak seasons, making Airbnb investments highly lucrative. Sea Point continues to be a dynamic market, offering options for long-term homeowners, investors, and short-term rental operators alik
The average daily rate (ADR) for short-term rentals ranges from R1,500 to R3,500 depending on the season and property type (AirDNA). Sectional title properties are moving faster, with a wider range of prices catering to both entry-level buyers and high-end investors. Smaller high-end units are particularly popular among investors, while short-term rentals thrive due to the area’s tourist Property for sale appeal. Yet, the buy-to-let sector of the local property market currently accounts for just 10,6% of total sale
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Sea Point is one of Cape Town’s most sought-after real estate destinations, offering luxury, convenience, and stunning ocean views. An example of this is the definition of “short-term home rentals” which is very broad, with no clear explanation of what constitutes a “temporary basis”, or to which specific short-term home rentals it applies.’ The Bill also empowers the Minister of Tourism to determine the ‘thresholds’ regarding these rentals… but no-one is quite sure exactly what that means. But the new Tourism Amendment Bill, published in 2019, is bringing uncertainty amid news that ‘short-term home rentals’ will be legislated under the Tourism Act. In January 2020 PR firm Irvine Property for sale Partners indicated that owners of one-bedroom apartments at Green Point property The Romney had achieved average occupancy of 77.1% over the previous 12 months, and average monthly revenue of R34 02
Young professionals appreciate the easy access to the city centre, while retirees seek secure, low-maintenance living options. With its scenic promenade, trendy restaurants, boutique shopping, and proximity to top schools and medical facilities, Sea Point attracts a wide range of buyers. With 14 years of insight into the market, we support and drive value for all community stakeholders. It is a trusted source of information about living in a community scheme. Maybe, amid all the headlines and uncertainty, those are the numbers that investors should really be looking at. ‘Two-bedroom apartments have an occupancy rate of 75.9% and monthly revenue of R45 170,’ they note