Villa rentals in Cape Town have become the preferred holiday accommodation choice for those who can afford the ultimate in luxury
Nov 14, 2011
Villa rentals in Cape Town have become the preferred holiday accommodation choice for those who can afford the ultimate in luxury. Most in demand says Seeff Luxury Villa Rentals agent, Tanya Joubert, are properties located on the Atlantic Seaboard with ocean views and luxury finishes, a Jacuzzi and swimming pool and often come with added extras such as a butler, chef and concierge service. Demand she says usually peaks between November and April, resulting in a significant spike in short term rental income for home owners and holiday property investors. Leisure lets, she says is the biggest contributor to the city's short term rental market, accounting for between 60 and 70 percent of annual earnings.
Joubert counts among her clients famous names such as Leonardo DiCaprio, Jennifer Connelly, Djimon Hounsou, Joseph Fiennes and Caprice who also bought a property from her. The highest daily rental this year she says was R47,000 per day for a five-bedroomed Bantry Bay villa, rented for a three week period by a local high profile client with interest in online casinos. Joubert also visits the European summer hotspots where she actively markets the Cape Town luxury rental market. There are currently more than 600 properties in Seeff Atlantic Seaboard and City's portfolio, ranging from small lock-up-and-go apartments to indulgent villas, she says.
Joubert expects that holiday makers will look to spend a little less and perhaps stay for shorter periods this summer, but does not expect them to cut the holiday out completely, especially middle to upper income earners. Trendy neighbourhoods to be seen in during the summer months she says range from Camps Bay and its stunning beach front promenade with its uber-trendy cafes and bars to Clifton, Bantry Bay, Fresnaye and the V&A Waterfront. Luxury villas here she says can fetch between R8,000 and R20,000 per day and are the pick of upper income earners looking for luxurious, home-away-from-home accommodation that is serviced and staffed.
Joubert's top pick on the Atlantic Seaboard is Clifton Bliss. This ultra-luxurious villa she says offers direct access to Clifton's beautiful beaches and consists of four apartments, which can be rented individually or as a whole. The villa is serviced with housekeeping staff and a chef and can accommodate up to 200 guests for a lavish lunch or dinner. Complimentary refreshments and airport transfers are inclusive, as is a concierge service, she adds. Rental rates for this villa range from R17,000 per day for a two bedroomed unit to R50,000 per day for a four bedroomed unit. To rent the entire villa will set you back R80,000 she says.
Holiday makers with a slightly lower, but still significant budget could look at any of a wide range of apartments on offer in all of the coastal suburbs, from Camps Bay to Fresnaye and especially in the ever-popular Sea Point, Mouille Point and Green Point. Apartments here she says fetches between R4,000 a day in Sea Point and R6,000 per day at the V&A Waterfront for a two bedroomed unit. Even during off-peak times, she says, there is a steady demand for these.
What distinguishes Cape Town from other coastal holiday destinations says Joubert, is its cosmopolitan vibrancy; the perfect summer beach holiday amidst beautiful natural surroundings, the winelands literally down the road and a smorgasbord of leisure activities and trendy hot spots to be seen at.
Despite the steep daily rates, luxury villa and apartment rentals remain an appealing option for those who can afford it, she says. Those with the means prefer the exclusivity that a villa or apartment offers; their own pad and the ability to dine and entertain in luxury and comfort.
For more information contact Seeff Atlantic Seaboard, Tanya Joubert on 082 553 4549, email firstname.lastname@example.org