{"id":106019,"date":"2015-12-03T19:25:45","date_gmt":"2015-12-03T17:25:45","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=106019"},"modified":"2015-12-03T18:01:39","modified_gmt":"2015-12-03T16:01:39","slug":"inside-5-sa-homes-that-cost-r120000-to-rent","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/106019\/inside-5-sa-homes-that-cost-r120000-to-rent\/","title":{"rendered":"Inside 5 luxury homes that cost R120,000 per month to rent"},"content":{"rendered":"

With the rising costs of owning a home in South Africa, renting one is a more affordable option for many residents, unless it has seven bedrooms, and an indoor swimming pool.<\/p>\n

Forking out over R100,000 a month to rent a property is arguably nonsensical when one considers that that such an amount could cover the bond of a R10 million mansion.<\/p>\n

Property professional Wayne Albutt has pointed to a number of different reasons why people would want to rent instead of buy.<\/p>\n

People who move frequently for work purposes, or people who like to travel a lot, are better off renting.<\/p>\n

“Buying a home involves many expenses other than the purchase price and if you have to resell too soon, the value of the property may not have the time to grow sufficiently for you to recoup these expenses,” he said.<\/p>\n

Luxury homes available for rent may also be primed for wealthy foreign business people who do not have long-term plans to stay in the country, but have certain lifestyle expectations.<\/p>\n

Such properties are even available to rent on a per day basis.<\/p>\n

Here are five luxury properties from property group Pam Golding which are for rent in South Africa, where the per month cost exceeds R100,000.<\/p>\n