Tag: CapeTownProperty
Airbnb and sectional title schemes – check-in or checkmate?
Airbnb is dominating the property conversation right now. Record tourism numbers, mounting pressure on housing supply in cities such as the City of Cape Town (COCT), and fresh regulatory movement from the city have pushed short-term letting beyond a side hustle. It is now serious business. However, alongside the opportunity, a growing and increasingly litigious tension is emerging in sectional title schemes.
Global luxury destination – where should investors look?
With the prime lending rate at 10.25%, its lowest level in 14 months, South Africa is enjoying renewed economic confidence. The Rand has also reached a three-year high. Record gold prices continue to support this strength. Together, these factors reinforce South Africa’s position as the best-value luxury destination in the world.
