Exclusive holiday rentals are reaching R500,000 per night as foreign tourists return to Cape Town

  • Holidaymakers wishing to enjoy Cape Town are willing to pay up to R500,000 per night for luxury villas.
  • The most popular areas include the Atlantic Seaboard – Camps Bay, Clifton, Bantry Bay and Fresnaye.
  • The highest rates are usually paid by international visitors paying with foreign currencies.
  • For more financial news, go to tea News24 Business front page.

Cape Town’s summer holiday season is the first since 2019 without Covid-19 restrictions, and tourists – many from overseas – are poised to pay top dollar for luxury rentals.

According to Ross Levin, the most popular areas include the Atlantic Seaboard – Camps Bay, Clifton, Bantry Bay and Fresnaye for villa rentals, and areas such as the Waterfront, Sea Point, Green Point, De Waterkant and the CBD for holiday rentals, Seeff Atlantic licensees Seaboard and City Bowl.

The exclusive villas and apartments are not really suitable for short stays. For example, between December 15 and January 15, 2022, the required minimum length of stay is typically 10 nights. The prices depend on the location, the view and the amenities offered.

According to Levin, the average rent on the Atlantic coast is between R15,000 and R30,000 per night, or R150,000 to R300,000 for a ten-day stay. But some prime villas and houses tend to be between R50,000 and R100,000 per night.

And an ‘extraordinarily rare’ property in Clifton could even reach R500,000 a night.

“International visitors usually pay the highest rates with foreign currencies such as euros, pounds and dollars. Given the exchange rate, it’s still a good deal for these foreign visitors. There are also wealthy South Africans who book high-end villas and pay up to R100,000 a night,” says Levin.

“The Atlantic Coast is a highly sought-after area for luxury holiday rentals. Attractions include location, views, exquisite beaches, cosmopolitan lifestyle and superb amenities. Fantastic restaurants and activities are on your doorstep and within walking distance. You are also close to the Cape’s wine farms and other attractions within easy reach.”

The most expensive villa on Cape Town Beach Villas’ books is a 6 bedroom property in one of the most expensive areas in the country, Nettleton Ridge, Clifton. If you want to come here and relax, you have to shell out R350,000 a night – and you have to stay at least four nights.

Villa in Clifton

This 6 bedroom villa in Clifton is available from R350,000 per night – and you must stay a minimum of four nights.

Delivered beachfront villas in Cape Town

Stephanie Lloyd of Cape Town Beach Villas describes it as an architectural masterpiece. The home is split over four levels and includes a spa and entertainment theater. The villa is popular with CEOs of international companies.

A very popular villa on her books is the newly built Villa Shamsa in Camps Bay which only became available for short term holiday rentals in August 2022. Nightly rates range from R25,000 to R75,000 per night.

Camps Bay Holiday Villa

Shamsa in Camps Bay which only became available for short term holiday rentals in August 2022.

Delivered beachfront villas in Cape Town

“This villa attracted a great deal of interest as soon as it became available and already has a number of reservations. Guests range from international tourists to local business owners. Multiple indoor and outdoor lounge areas offer stunning ocean views,” says Lloyd.

Her most booked villa is 32 On Sedgemoor in Camps Bay, which Lloyd says is a favorite among influencers, celebrities and discerning travelers. Travel influencer Wolves made a YouTube video about this villa called Insane $5 000 000 villa in Cape Town. The price per night is between R28 125 and R82 500.

Villa in Camps Bay

32 On Sedgemoor in Camps Bay is a favorite among influencers and celebrities.

Delivered beachfront villas in Cape Town

“During the holiday season we saw a boom in holiday rentals as local and international visitors returned in their thousands,” said Arno de Wit, Pam Golding Properties (PGP) leasing manager for the Cape Metro.

“Most inquiries come from overseas visitors looking for villas with contemporary, luxurious fittings, fast internet connection, good security and a swimming pool. The weak rim was also an additional attraction for foreign tourists,” says De Wit.

Recent top rentals from PGP include a 17-night stay in a seven-bedroom villa in Constantia for R30,000 per night and a four-bedroom villa in Camps Bay for just over R25,000 per night for 10 nights.

rental in constantia

This 7 bedroom villa in Constantia is available at R30,000 per night.

Delivered properties by Pam Golding

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