PROPERTY NEWS - According to Harold Kolnik, principal of Jawitz Properties South Peninsula, a trend has emerged in the Western Cape's South Peninsula where a significant number of sales have been concluded for the purpose of offering self-catering or guesthouse accommodation.
“Buyers, both local and foreign, have realised that the many global tourists who come to the area are also drawn to it as the coast is not as crowded as other similar destinations, and it’s not as costly as central Cape Town,” he says.
Areas like Kommetjie, Misty Cliffs, Scarborough, Muizenberg and Noordhoek are now on the global map as meccas for windsurfing, kitesurfing, surfing and diving, and offer reasonably priced and comfortable accommodation in picturesque settings.
“Astute buyers and investors have discovered the incredible value on offer and the potential growth that self-catering homes and bed & breakfasts enjoy,” he adds.
Areas like Kommetjie, Misty Cliffs, Scarborough, Muizenberg and Noordhoek are now on the global map as meccas for windsurfing, kitesurfing, surfing and diving, and offer reasonably priced and comfortable accommodation in picturesque settings.
“Astute buyers and investors have discovered the incredible value on offer and the potential growth that self-catering homes and bed & breakfasts enjoy,” he adds.
Occupancy and tourism growth has seen healthy profit, putting the South Peninsula decidedly on the map as an excellent investment destination. “What has also emerged is businesses offering to service and manage these properties for buyers who may not live close by, or for those who would prefer not to run accommodation themselves.”
Technology transforms holiday letting
Recent sales concluded in the Scarborough and Misty Cliffs areas in particular include three prime beachfront homes that are to be listed on popular sites AirBnb and SafariNow, among other holiday rental portals.
Technology transforms holiday letting
Recent sales concluded in the Scarborough and Misty Cliffs areas in particular include three prime beachfront homes that are to be listed on popular sites AirBnb and SafariNow, among other holiday rental portals.
