Sizzling Summer for Atlantic Seaboard rentals
Category Property News
If you were to conjure up a wish list of your ideal place to live or spend your holidays you'd probably imagine pristine, sandy beaches washed by ocean breakers, magical sunsets, a stunning mountain backdrop, and fabulous weather. Add to that five star restaurants, vibrant night life, and proximity to all the facilities offered by one of the world's most exciting cities and your dream really would come true along Cape Town's Atlantic seaboard.
Increasing numbers of first time and regular visitors, many from overseas, are benefiting from advantageous exchange rates. They soak up the breathtaking scenery, bask in the splendid sunshine, experience the enviable lifestyle and, if they have the means, take active steps to secure a slice of the action for themselves! So it's no wonder property sales and rentals along the Atlantic Coast have reached record highs this glorious summer.
Clifton and Camps Bay, two of the most sought after areas on the Atlantic Seaboard, nestling at the foot of Table Mountain (a recently inaugurated Wonder of the world), are prime favourites amongst purchasers both for their own use, or as superlative investments. On the property sales front, at the height of the festive season, DG Properties sold two front row Clifton bungalows for the substantial sums of R30 million and R31.5 million respectively.
Properties such as these are often acquired by high net worth individuals seeking illustrious second homes in prime locations. The demand by visitors who want to enjoy holidaying in the most prestigious locations the Atlantic Coast has to offer, notably Clifton and Camps Bay, has led to some phenomenal rentals being realised by the owners of investment properties managed for them by DG.
A five bedroom house on Clifton's 3rd Beach was let for R24 000 per night for three weeks and a two bedroom apartment on 1st Beach fetched R30 00 per night for two weeks. Despite the negative effects of a double recession and weakening Rand an Atlantic Coast property, for those with the means to acquire one, is an undeniably lucrative investment for South Africans, canny overseas investors and smitten visitors alike!
With the double attractions of compelling natural beauty and all the trappings associated with the 'high-life', it's no wonder the area has become a magnet for the rich and famous. DG Properties role is to use its considerable specialist expertise and renowned service reputation to help make peoples' dreams come true!
Author: Dogon Group Properties