Apartments in the R10,000 to R20,000 per month range are always in demand. Levin says rental yields across the Atlantic Seaboard and City Bowl tend to be
Change in rental trends in South Africa – where people want to live
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The Covid pandemic has necessitated a number of key shifts in the needs of tenants says Seeff Property Group.
Just like home buyers, tenants are saying that if they have to be largely confined to their homes and work from home, they prefer a house with views of the garden, mountain or ocean. While bigger apartments with space to work from home is sought, demand remains under pressure for holiday apartments.
Demand swings from inner city living
Craig Watchurst, a rentals agent for Seeff CBD and City Bowl said that demand is shifting from areas such as the CBD which were highly desirable to live close to places of work and to avoid travel time and petrol costs.