Rentvestor a new property trend


South Africans who cannot afford to buy their dream home are buying entry level house (+/- ZAR 1 mill) and are renting them out instead.

It translates to people who may not be able to afford to buy in the areas where they live and work, but are determined to become property owners anyway. By seeking out less expensive areas with a promising future and buying homes there they may then let to others.”

In other words, they are often becoming landlords themselves while remaining tenants – which is a new take on the buy-to-let model where one generally finds that the investors own their primary residences.”

Hoedspruit - rentorbuy.jpg

Rentvestment is generally taking place in bigger urban centres and especially in Cape Town and Johannesburg, where these investors will often rent a high-end property in an upmarket area or estate to live in, and then buy up flats and townhouses in less expensive areas where rental demand is high and the achievable rentals will almost cover their bond repayments and other monthly costs such as levies as well as rates and taxes.

In Hoedspruit we are seeing rentvestors who need to live in the city for work reasons choosing to rent smaller, convenient apartments there and buy bigger properties here where they go for weekends or holidays and may eventually live permanently.

Another trend is to check out niche markets like student accommodation, or storage units, or even Airbnb units.

It is enabling increasing numbers of resourceful South Africans to have the best of both worlds, by living where they choose while investing for their financial future elsewhere, and is expected to play an increasingly important role in the market, especially among first-time buyers.

A new development in the Hoedspruit Wildlife Estate has seen numerous rentvestor purchases with some buyers making more than 1 purchase. To view the houses for sale in this development please follow the link provided.

The Village development within the Hoedspruit Wildlife Estate

Alternatively speak to one of our sales agents directly on 015 793 0793

Contact us now

Engel & Völkers Hoedspruit
Email
Back
Contact
Enter your contact details here
Thank you for your request. We will contact you shortly.

Your Engel & Völkers Team
Salutation
  • Mr.
  • Mrs.
Send now

We know the true value of your property

Do you know how much your property is currently worth? No matter if you just want to inform yourself about the current market-price, or if you wish to sell your property for the best price: our experienced marketing experts are happy to assist you with a free and non-binding valuation.
Send now
Back
Contact
Enter your contact details here
Thank you for your request. We will contact you shortly.

Your Engel & Völkers Team
Salutation
  • Mr.
  • Mrs.
Please enter the property information.
Send now

Follow us on social media



Array
(
    [EUNDV] => Array
        (
            [67d842e2b887a402186a2820b1713d693dd854a5_csrf_offer-form] => MTM5MjE5NzU3NkJ4d29xancwTDVhZWFIRzEycXAxcW9SdElHdVBqMTdV
            [67d842e2b887a402186a2820b1713d693dd854a5_csrf_contact-form] => MTM5MjE5NzU3NnlHcUR0Y2VlTXVPUndLMHZkMW9zMnRmRlgxaUcwaFVG
        )

)