Short-term lets for long-term gains

Lucrative festive season letting boosts property values – here’s how

EVERY DECEMBER, South Africa’s coas-tal property markets come alive as ho-lidaymakers search for short-term letting in key locations – Cape Town, the KZN North Coast, and the Garden Route among them.

While this is a massive financial boost for homeowners, the impact goes beyond this annual ‘gold rush’, with property valuations boosted by this growing demand.

Homes that perform well as festive rentals increasingly command a premium in the sales market because of the income-generating potential, turning tourism performance into a key factor when investing in property.

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