Despite the general mood brought on by politics and the interest rate cycle, the market in the Western Cape remains buoyant, with increased rentals recorded.
According to the latest report by Rode Property Consultants, flat vacancies have dropped nationally and Cape Town has the lowest vacancy in the country and highest rental returns. Some two-bedroom flat rentals on the Atlantic Seaboard, for instance, fetched as much as R75 000 a month for landlords in the first quarter of this year.