select
|

Cape Town’s first and favourite ports of call

Owners in Cape Town’s bustling Sea Point and Green Point are increasingly asking their agents to offer shorter leases of six to nine months to tenants on furnished apartments so they can take advantage of the lucrative holiday market.

These two suburbs are unbeatable when it comes to convenience and accessibility to Cape Town’s CBD, beaches, parks, restaurants, theatres and shows. “This makes them favourite destinations for holiday makers and other short term renters like swallows,” says Glenda Luitingh, Sales Manager at Jawitz Properties Atlantic Seaboard.


Sunset in Green Point (Image via Barry Haynes on Wikimedia)

Sea Point and Green Point are also seen as ideal springboards to settling into living in the Mother City. People who move to Cape Town for the first time from overseas or from other areas of the country find Sea Point and Green Point to have a bit of everything.

“These areas are perfectly equipped and situated as a great place to base yourself initially while exploring Cape Town and deciding where to eventually settle,” says Luitingh. “The close proximity to the CBD and the Waterfront is very appealing with every amenity imaginable just down the road, many within walking distance,” she adds. Those looking for a ‘lock up and go’ lifestyle are also fans. 

As a result, there is a huge demand for accommodation, including unfurnished rentals, cottages, pet friendly accommodation and also garden apartments.

In the summer months, Sea Point is extremely popular; particularly the Sea Point promenade which on a warm summer’s evening is packed with dog walkers, exercisers and sundowner enthusiasts. The winter months are just as popular with bustling restaurants and plenty to do.  Green Point is highly sought after for its cosmopolitan feel and wealth of shops and restaurants while a hop, skip and a jump away at the Cape Quarter Lifestyle Centre, visitors can choose from many delicious eateries and coffee shops and explore a good variety of speciality stores.

Green Point has enjoyed substantial urban renewal since the 2010 World Cup and the addition of the Green Point Stadium. This economic boost has inspired additional refurbishments and renovations of older apartment blocks, as well as new developments coming on stream. 

Entry level rentals in Sea Point are currently between R5, 500 and R6000 for a studio apartment while in Green Point the same would be R6, 500.

“These are about the lowest rents you’ll pay in these areas currently.  Some rentals can go as high as R100 000 per month at the top end of the market. The average rental, however, is between R10 000 and R20 000 for a one- or two-bedroom apartment,” she adds.  “Two examples in the area are The Ivory and 7 on Tramways which still offer lucrative buy-to-let investment opportunities.  It’s a positive, buoyant market and certainly the place to be,” Luitingh concludes.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 18 Jun 2018
      Many home sellers are motivated to appoint estate agents because they know that the agency will carry the costs of advertising and marketing their property.
    • 18 Jun 2018
      When a property is sold when it has a tenant in occupation, the questions often raised are: “What happens to the tenant if the landlord sells the property?”, and what rights the tenant will have with regards to cancelling the lease or enforcing it, says Sunell Afrika, rentals manager for SAProperty.com.
    • 18 Jun 2018
      Sellers are often caught off-guard by the expenses incurred in the selling of a property. Just like there is no such thing as a free lunch, there is also no such thing as selling your property without incurring at least some costs.
    • 15 Jun 2018
      The second quarter of 2018 has proven to be the turning point for Midrand’s real estate market, especially the upper end which started to waver towards the end of a tumultuous 2017 with a notable drop in both sales and average selling prices.
    • 15 Jun 2018
      According to data recently released by FNB, the average age of a South African home buyer has increased from 38 to 44 this year. In an attempt to help first-time buyers enter the market sooner, Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, walks us through the steps of saving for your first home.
    • 15 Jun 2018
      Putting your house on the market can be a stressful process. There are so many decisions to make that will impact how quickly your house is sold and for how much you can sell it for. It’s a serious money game where you can’t afford to make the wrong decision.
    • 14 Jun 2018
      The word tourist describes someone who is visiting South Africa for a limited time and is probably not going to buy a property here – so why is the tourism industry so important to the real estate sector?
    • 14 Jun 2018
      Serengeti Estates has entrenched its status as one of Johannesburg’s most desirable addresses for a spectrum of homeowners with its launch of The Signature Residences, a new cluster village.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK