Matthew Quinton is building homes, not short term rental stock.
A brave move by the Cape Town developer but applauded by many, even spotted by The New York Times.
As the owner of Hardie Property, I see this as a real VALUE ADD. When you buy your home in a luxury Atlantic Seaboard development, do you want the risk of noise pollutiion and building wear and tear from short term guests?
In an area where 70% of the stock consists of hotels and short-term rentals, Matthew is building a quality product featuring one parking space per bedroom and beautiful walkways for dog walking and outdoor relaxation. They don’t build in 18 months, they build in 18-24 months as they finish the building properly and to a high specification.
Hardie Property salutes this move to step away from the investor buyers and provide luxury homes for the discerning buyer.