With the launch of South Africa’s Digital Nomad Visa programme in May 2024, Cape Town is poised to become a premier destination for international travellers and business professionals.
Dr. Andrew Golding, CEO of the Pam Golding Property Group, which partners exclusively with Savills for residential real estate in Africa, highlights the city’s potential to attract these digital nomads.
"This year, and comfortably slotting in at number 17, Cape Town features for the first time in Savills Executive Nomad Index, which ranks 25 destinations for long-term remote workers.
"All either have a digital nomad visa programme, or equivalent, or in the case of the US and European countries, are already part of a large economic bloc that allows free movement of people for living or work,” he said.
Dubai, UAE has retained its lead position, for the second consecutive year, while the UAE capital Abu Dhabi is hot on its heels, moving from fourth place to second this year.
Cities with beachside access continue to outperform in the top 10 led by Málaga (3rd), Miami (4th), Lisbon (5th), Barcelona (6th) and Palma (7th).
“The more common digital nomad is symbolised by the young backpacker; however, executive nomads tend to be older and more likely travel with family in tow,” said Kelcie Sellers, associate director, Savills World Research.
“This places a greater emphasis on the quality-of-life aspects that these top international locations can provide, such as safety and access to healthcare or education facilities. For these individuals both physical networking and digital connectivity are important and must be accounted for.
“Executive nomads are more likely to rent and put an emphasis on extra space and proximity to local amenities. Prime rents have risen, on average, by 5% in the last year across the 25 locations monitored in the Savills index, with some urban markets seeing increases of more than 15%.”
Most of the digital nomads earn significant hard currency which is then spent in the local economy and also adds to the diversity and popularity of Cape Town as a world-class general destination of choice.
Having a well-run city adds to the appeal as does the natural scenic beauty, and amenities all contribute to this trend.
“One of the significant advantages for digital nomads is the favourable exchange rate, which allows for comfortable living at a fraction of the cost compared to other major cities. The presence of Michelin-standard restaurants elevates the culinary experience, providing sumptuous dining without breaking the bank," said Pam Golding.
Particularly appealing to digital nomads are the rental options in the vibey Cape Town City Bowl area, known for its cosmopolitan atmosphere. The following apartment rentals are currently in high demand for short stays of three to six months:
• Studios and one-bedroom loft apartments ranging from R10 000 to R18 000 per month
• Two-bedroom apartments priced from R20 000 to R30 000 per month
“These options provide a comfortable and inspiring living space, allowing residents to immerse themselves in the local culture while maintaining productivity in their work endeavours.”
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