R100 000 a night to stay in Cape Town

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Cape Town - Holiday makers - both local and international - were prepared to pay up to R100 000 a night to stay in platinum level villas along premium spots in Cape Town this holiday season.

Dinis Martins, chief operating officer of Seeff Atlantic Seaboard & City Bowl, told Fin24 the rental market is buoyant with strong demand and good rentals, although those very high R100 000-plus rentals are few and far between.

"The market will be busy this year. We are already concluding deals and doing renewals. Rentals now easily range upwards of R20 000 to R30 000 per month, even in Sea Point. Expect to pay upwards of R35 000 to R40 000 in Camps Bay, and of course top end rates in Clifton and Bantry Bay," said Martins.

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