Cape Town sees increase in demand for short-term residential rentals

📆 6/26/2024 6:51 PM
📰 CapeTownEtc

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Over recent years, South Africa has seen major increase in demand for properties in the Mother City suitable for short-term rental. This comes as a result of property buyers backing short-term rental properties which have the capacity to further boost their long-term earnings.

Over recent years, South Africa has seen major increase in demand for properties in the Mother City suitable for short-term rental.

Part of the reason for this shift, is the fact that less people are purchasing property and are instead opting for the option of renting. Now, Cape Town has become a popular destination for escaping the European winter and this trend is spurred on by the open option of remote work by most companies.

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