The onset of the warmer summer months in Cape Town also coincides with a busy holiday season and based on the past tourist season, we expect another good phase for the city, says Daniel Sher, manager for Coastal Air, a new short-term letting division for the Coastal Property Group.
Sher, who has a background in the hospitality industry having worked for 5-star establishments such as the Mount Nelson, 12 Apostles Hotel and Spa and Singita Sabi Sabi, says the Cape holiday market ranks as the most exciting in the country. And, he adds, within that, the Atlantic Seaboard and City Bowl are amongst the most sought-after for holiday bookings from across the country and globe.
It is the most searched destination on most of the international portals. We have found that sectional title properties are a high demand form of holiday accommodation and we would urge any property owners to get their properties listed soon to catch the annual holiday traffic, says Sher.
Anything close to the beaches or Waterfront is popular with suburbs such as Clifton, Camps Bay, Bantry Bay, Sea Point and Green Point especially sought-after.
For property owners, this is excellent news as they are able to capitalise on short term rental returns and earn a rather handsome sum of money. In fact, what many Capetonians are beginning to do, is to take their annual holiday elsewhere and then let out their apartment or villa over the high tourist season to make extra money.
Considering that you could easily make R1 500-R2 500/day for a flat and R15 000-R25 000/day for a house, you can see the attraction, says Sher. He says that while Airbnb is no doubt the most exciting booking platform these days and offers exposure and access to visitors from across the world, there are many aspects and intricacies that come with short-term letting.
Owning a rental investment apartment is not quite the same as simply renting out a room in your house to the odd visitor. Property investors take their property holdings seriously, hence the importance of calling in short-term rental agents such as Coastal Air who can assist them beyond just the Airbnb listing. Aside from listing the properties on various portals, we also provide added value with a full bouquet of services and guest experiences, he says.
There are also administrative aspects such as key storage, collection and drop-offs, pre- and post-inspections, cleaning, maintenance, insurances and so on that we assist with.
While the Atlantic Seaboard and City Bowl are now the most popular holiday hot spots, Sher says, that there is now also quite a bit of competition, so the sooner property owners get their properties listed the better. Bookings are now in full swing and you do not want to lose out on a potential booking.