The Sandton rental market is saturated, and it’s affecting demand. This is according to Shaun Groves, Gauteng rental manager for Lew Geffen Sotheby’s International Realty, who said the large number of new residential buildings that have been introduced to the market in recent years in suburbs like Sandton have seen landlords reassess their rental inflation prospects.
“We have begun to see a surge in the market given that landlords are beginning to readjust their expectations in a challenging market,” he said, noting that areas which have seen less development are still enjoying a rental market boom, including “The Parks”, Killarney, Linden and Lonehill. “Bryanston continues to be a top performer for Lew Geffen Sotheby’s but his is hardly surprising given that it is the largest suburb in the Southern Hemisphere with 9,375 properties.”
Photo: This five-bedroom, 970m² family home in Sandhurst is set on 2,300m² of mature landscaped gardens. On the market for a monthly rental of R90,000, it has a private cinema, climate-controlled wine cellar and state-of-the-art security.