Plan for 2010 World Cup digs gets ready to roll
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.