Plan for 2010 World Cup digs gets ready to roll

Weekend Argus (Saturday Edition) - - PROPERTY -

THE AD­VER­TISED s h o r t a g e o f ac­com­mo­da­tion dur­ing the 2010 World Cup has brought about an op­por­tu­nity for home own­ers across South Africa to rent out their prop­er­ties to vis­i­tors es­pe­cially, but not lim­ited to, those ar­eas lo­cated close to the ma­jor sta­di­ums, says Charles Bloem, hol­i­day rental man­ager of Se­eff Prop­er­ties At­lantic Seaboard, CBD and City Bowl.

“We re­cently launched a na­tional cam­paign to ad­dress this gap in part­ner­ship with for­mer Manch­ester United and Eng­land goal­keeper, Gary Bai­ley.

“Since the launch in June, more than 160 home own­ers have con­tacted our branches re­quest­ing list­ing.”

home own­ers in­ter­ested in rent­ing out their prop­er­ties will have to com­ply with cer­tain im­por­tant le­gal re­quire­ments, warns Bloem.

“You will have to take out, or be in pos­ses­sion of, pub­lic li­a­bil­ity in­sur­ance that will cover you in the case of any claim for dam­ages due to per­sonal loss or in­jury suf­fered by a guest. You also need com­pre­hen­sive house­hold in­sur­ance.

“Seef f Prop­er­ties is in the process of fi­nal­is­ing ne­go­ti­a­tions with an in­sur­ance provider, and will of­fer its clients a prod­uct that will pro­vide cover for both in­sur­ance cat­e­gories for the du­ra­tion of the event.”

Bloem says the de­mand for self­ca­ter­ing ac­com­mo­da­tion will range from small stu­dios and one-bed­room apart­ments to large lux­ury vil­las and apart­ments in se­cure com­plexes like the V&A Water­front Ma­rina.

“Th­ese prop­er­ties will have to meet cer­tain min­i­mum stan­dards for fur­nish­ings and se­cu­rity.

“Our agents will ad­vise own­ers on the ne­ces­si­ties that will have to be pro­vided to en­sure their guests are comfortable, se­cure, and get good value for their money,” said Bloem.

He says home own­ers should get pro­fes­sional ad­vice when pric­ing their prop­er­ties for hol­i­day let­ting.

“For­eign vis­i­tors are gen­er­ally well in­formed, and prop­er­ties must be priced cor­rectly. There is no doubt good rentals can be achieved, but over-priced prop­er­ties will not ap­peal to vis­i­tors, and will prob­a­bly not be rented.

“On the other hand cor­rectly priced prop­er­ties of­fer­ing good value could re­sult in high oc­cu­pancy rates and healthy re­turns for the own­ers.”

Bloem says Se­eff ex­pects the de­mand for self-ca­ter­ing ac­com­mo­da­tion on the At­lantic seaboard, CBD, and City Bowl to be high be­cause th­ese ar­eas are close to the sta­dium, trans­port fa­cil­i­ties, and other ameni­ties.

“The fi­nal draw for the par­tic­i­pat­ing teams will take place dur­ing t h e f i r s t w e e k o f D e c e m b e r. Al­though there will be vis­i­tors al­ready want­ing to book ac­com­mo­da­tion in the next few months, most vis­i­tors are ex­pected to fi­nalise their travel ar­range­ments and book ac­com­mo­da­tion be­tween Jan­uary, and March 2010.”

UP­MAR­KET: Daily rental will be R25 000 for this Camps Bay villa re­cently listed for the 2010 World Cup by Se­eff Prop­er­ties.

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