The Garden Route provides the perfect holiday home investment opportunities.
“In the popular coastal resorts on the Garden Route you’ll generally find that you can cover a fair percentage of your expenses by renting the property out as a vacation home for as little as 18 weeks a year, which means you also have plenty of time to enjoy your home with friends and family,” says Ling Dobson, area principal, Pam Golding Properties Knysna and Plettenberg Bay. In KwaZulu-Natal, Gareth Bailey, principal, Tyson Properties Umhlanga reports that “although there is still a level of interest in purchasing holiday homes or investments, this has lessened.” However, Myles Wakefield, CEO, Wakefields Real Estate, believes that “new coastal developments coming off the drawing board are undoubtedly energising the North Coast market, with keen interest from local, national and international buyers.” This will no doubt boost the opportunities for the holiday rental market.
In the meantime, “there’s a steady demand for properties which, aside from sea views, breezes and indigenous coastal vegetation, capitalise on the great sense of space this coastline provides.”
In the Eastern Cape, Michael Wilmot, area principal, Pam Golding Properties, Kenton-on-Sea, believes Kenton is hot property. “The magnificent coastline with its three Blue Flag beaches, flanked by the Bushman’s and the Kariega rivers, plus Big Five game reserves, make it the perfect bush-beach lifestyle for holiday-makers and residents. Every single rental property in our stock was rented out this past season.”
This article originally appeared in Neighbourhood, Sunday Times.
Take a trip through the Garden Route here: