The information in this article is courtesy of Property24 (Rental market growing in Overberg – 6 April 2009).
The Western Cape’s Boland and Overberg regions are currently experiencing a high demand for rental property, while most other markets are struggling due to tough economical conditions.
According to Nic Campher, Pam Golding Properties B&O Rentals Manager, the busiest and most expensive area within this region is the Franschhoek/Paarl area, with very few lets under R5K a month and a majority of lets over R8K per month with some lets going up to R35K per month.
The Helderberg area, in particular Somerset West and Strand attract high rentals and are popular amongst young couples and single parents seeking security.
Hermanus, Gansbaai and Onrus are popular seasonal and holiday rental areas with many holiday homeowners opting to rent out their homes to help pay off their bonds.
Average prices for rentals in:
Franschhoek/Paarl Area – R5K- R35K
Somerset West – R3,500 – R30K
Strand/ Gordon’s Bay – R2,000 – R10K
Hermanus – around R6K
Gansbaai – R1,500 – R3,500
Buy vacant land in Bredasdorp
Monday, April 6, 2009
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