The east coast city tops a global index comparing rental returns on the letting website with traditional rentals.
A property in Durban would take 167 months to recuperate its value through a traditional rental‚ but just 18 months via Airbnb.
The index was created by UK-based online estate agent Nested to help would-be investors understand global variations in property prices.
In Johannesburg‚ an investor would need 180 months to recuperate the value of a property by traditional methods and 33 months via Airbnb‚ making it the fifth-best worldwide. Cape Town is 12th best (205 months vs 50 months).
Nested looked at completed property sales in the past six months and current market listings for all locations researched.
• For more information on property visit the 2017 Property ROI Index .
– TMG Digital/The Times
