SA's residential property sector slumps

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eNCA

Joined: Mar 2024
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SA's residential property sector slumps


South Africa’s rental market hasn’t seen any significant growth. That’s according to latest quarterly PayProp Rental Index. #eNCA #DStv403 #QuestionThinkAct

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10 Comments

  1. Who knew that South Africans having less money would lead to South Africans having less money 😂 people can't afford rent these days because it's too EXPENSIVE am sure that a lot of people are living in cottages and moving back in with their parents and now, how people are acting as if this is a surprise is beyond me.

  2. The money that would previously buy you 4 bedrooms 2 bathrooms, a double garage and massive garden both sides of your free standing house now buys you a bachelor flat and you live by the board of trustees bs . Screw that

  3. As a residential landlord, I can tell you that you need to be very careful when looking at these figures. The only rental market that is doing well is around Cape Town. Everywhere else is doing badly. My Johannesburg portfolio has shown very poor returns for the last five years, with high vacancies in spite of very low or non-existent rent increases.