Despite high interest rates and inflation, South African tenants are in a better financial position than at the end of 2022 – great news for rental agents and landlords who rely on timely rent payments.
Continued upward pressure on inflation is creating what looks to be a protracted increasing interest rate cycle.
Quarterly year-on-year rental growth continues to climb nationally with growth of 2.6% recorded during the second quarter of 2022.
With the economic effects of the Covid-19 pandemic still being felt, many South Africans are turning to a side hustle to bring in some extra cash.
Despite a slowing momentum, market volumes are still running above pre-pandemic levels.
For many landlords, the idea of managing their own rental property or portfolio of properties seems relatively straight-forward.
