It now appears that the South African property boom has caused an oversupply of upmarket properties in Cape Town available for rent, yet there is a shortage of stock in the lower price range.

The biggest demand for rental property is now in the £260 - £430 per calendar month range.

Beverley de Jager of Rawson Property Group, who operates between Wynberg and Cape Town says: "We are not getting the 10% annual increases year-on-year because rentals have to relate to tenants income."