Exclusive holiday rentals reach R500,000 per night as foreign tourists return to Cape Town

  • Holidaymakers looking to enjoy Cape Town are willing to pay up to RPY 500,000 per night for luxury villas.
  • The most popular areas include the Atlantic coast: Camps Bay, Clifton, Bantry Bay and Fresnaye.
  • The highest fees are usually paid by international visitors paying in foreign currencies.
  • For more financial news, go to the News24 company front page.

Cape Town’s summer holiday season is the first since 2019 without any Covid-19 restrictions, and tourists, many from overseas, are willing to pay top price for luxury rentals.

The most popular areas include the Atlantic Seaboard – Camps Bay, Clifton, Bantry Bay and Fresnaye for villa rentals, and areas such as the Waterfront, Sea Point, Green Point, De Waterkant and the CBD for holiday flats, according to Ross Levin. . , licensed by Seeff Atlantic Seaboard and City Bowl.

Exclusive villas and apartments are not really suitable for short stays. Between December 15 and January 15, 2022, for example, the required minimum stay is usually a minimum stay of 10 nights. Prices depend on location, views and amenities offered.

According to Levin, along the Atlantic coast, the average rent is about 15,000 to 30,000 rupees per night, or 150,000 to 300,000 rupees for a ten-day stay. But some high-end villas and houses tend to range from 50,000 to 100,000 rupees per night.

And an “exceptionally rare” property in Clifton could even go for RPY 500,000 per night.

“The highest rates are paid by international visitors with currencies such as euros, pounds and dollars. Given the exchange rate, it’s still a good deal for these foreign visitors. There are also wealthy South Africans booking villas high-end … and pay up to about 100,000 rupees per night,” says Levin.

“The Atlantic Coast is an area in high demand for luxury vacation rentals. The attraction includes the location, the views, the exquisite beaches, the cosmopolitan lifestyle and the excellent facilities. There you’ll find great restaurants and activities on your doorstep and within walking distance. You’re also within walking distance, easy access to wine farms and other Cape attractions.”

The most expensive villa in the Cape Town Beach Villas books is a 6 bedroom property located in one of the most expensive areas in the country, Nettleton Ridge, Clifton. Those who want to come and relax here must pay 350,000 RPI per night, and must stay a minimum of four nights.

Villa in Clifton

This 6 bedroom mansion in Clifton is available for R350 000 per night and you must stay a minimum of four nights.

Cape Town beach villas supplied

Stephanie Lloyd of Cape Town Beach Villas describes it as an architectural masterpiece. The house is divided into four levels and includes a spa and an entertainment theater. The town is popular with CEOs of international companies.

A very popular villa on their books is the newly built Villa Shamsa in Camps Bay, which only became available for short-term holiday rental in August 2022. The nightly rate ranges from 25,000 and 75,000 rupees per night.

Holiday villa in Camp Bay

Shamsa in Camps Bay which was only available for short term holiday letting in August 2022.

Cape Town beach villas supplied

“This villa immediately received a lot of interest when it became available, and already has a number of bookings. Guests range from international tourists to local business owners. Several indoor and outdoor living areas offer incredible views over the sea,” says Lloyd.

Their most booked villa is 32 On Sedgemoor in Camps Bay, a favorite among influencers, socialites and the discerning traveller, according to Lloyd. Travel influencer Wolves made a YouTube video about this villa titled “Insane $5 000 000 villa in Cape Town”. The nightly rate ranges from R28 125 to R82 500.

villa in Camps Bay

32 A Sedgemoor in Camps Bay is a favorite among influencers and socialites.

Cape Town beach villas supplied

“We experienced a boom in holiday rentals over the festive season as thousands of local and international visitors returned,” says Pam Golding Properties (PGP) Cape Metro Rentals Manager Arno de Wit.

“Most inquiries are from overseas visitors, who are looking for villas with contemporary and luxurious finishes, fast internet, good security and a swimming pool. The weak rand has also been a drawcard for overseas tourists,” says De Wit.

Recent top PGP rentals include a 17-night stay in a seven-bedroom villa in Constantia for RPI 30,000 a night and a 4-bedroom villa in Camps Bay, priced at RPI 25,000 per night for 10 nights .

rent in constantia

This 7 bedroom villa in Constantia is available for RPI 30,000 per night.

Properties supplied to Pam Golding

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