Rental Market Growing in Overberg

EmailEmail Print Share

06 Apr 2009

As many would-be home-owners struggle to obtain mortgages amid current market conditions, the demand for rental properties in the Western Cape's Boland and Overberg regions is growing well.

The busiest and most expensive area within this region is the Franschhoek/Paarl area. "Typically, this area has very few lets available under R5k per month," says Pam Golding Properties' (PGP) B&O Rentals Manager, Nic Campher.

"Most are over R8k per month, going up to a ceiling of R35k per month for a top-end home in De Zalze golf estate."

The Somerset West area also attracts high rentals. There are some apartments available from R3,500 per month, but the majority of homes come in at over R6k per month, and many fetch in excess of R12k per month. The highest price achieved by PGP in this area to date has been R30k per month, for a home in the De Zalze Golf Estate.

"The Helderberg basin in general attracts a lot of demand from young couples and single parents, for whom security is a key concern. There is therefore high demand for homes situated within secure complexes and apartment buildings," Campher says.

"Strand traditionally has the best range of stock on the market, especially in the lower price brackets. We see the highest demand in this area at R2,500 to R3,800 per month. Similarly, Gordon's Bay has many options in the R2,200 to R3,600 per month bracket, with just a few top-end properties fetching upwards of R10k per month."

Further along the coast, areas like Hermanus, Onrus and Gansbaai see more seasonal and holiday activity, and so are more likely to attract shorter-term rentals than the larger towns. In Hermanus, leases are typically under R6k per month, dropping to as low as R1,500 to R3,500 per month in Gansbaai.

Owners of many second and holiday homes are opting to rent out their homes to help alleviate financial strain.

Readers' Comments
Have a comment about this article? Email us now..

Looking for a new home?
To find a property to buy, visit Find a Property and view listings of properties in all areas. Check out Property Reports and get an affordable online report on actual sold prices of properties in your area.

Property News
Click here for more property news articles.

Need a blog?
Start your own blog with a free blog from

Similar Articles

Many families are migrating from Gauteng to Ballito for...

With a big influx of people from Gauteng moving to the...

Morningside, Rivonia, Rosebank and Bryanston will see much...

View all articles

Top Articles

Whether you’re planning on rekindling your love or...

Many families are migrating from Gauteng to Ballito for...

Wills must be very carefully worded to avoid...

View all articles
Top Articles
10 Feb 2016
Morningside, Rivonia, Rosebank and Bryanston will see much residential d...
10 Feb 2016
Offering sophisticated retirement living, Lazuli Coastal Lifestyle Estat...
10 Feb 2016
The new multi-million rand Tugela Ferry Mall and Jozini Shopping Centre ...
10 Feb 2016
A UKZN architecture student has proposed an environmental research facil...
10 Feb 2016
Offering the ultimate seaside retreat, Flamingo Bay is being developed o...
Get the latest property news.
Select your options:

Your browser is out of date!

It looks like you are using an outdated version of Internet Explorer.

If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.

For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.

Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724