Residential Rental Monitor 2022 | Q1
The financial pressure consumers are under is reflected in the fact that the number of tenants in good standing with their landlords has started to drop from 81.4% in the fourth quarter of 2021 to 80.78% in the first quarter of 2022.
The only rental price brackets continuing to improve in good standing are those paying R12 000 a month or more.
Ominous decline in tenants in good standing
Given that almost 70% of the rental market pays R7 000 or less per month, while 22% pays between R7 000 and R12 000 per month, only 8% of the rental market continued to see some improvement in good standing during the first quarter of 2022.
Vacancy Survey 2023 Q3
The demand for residential rental property remains strong. Vacancies have declined nationally to 6.76% in the third quarter of 2023, the lowest since 2017. Despite a constrained economy, tenants have continued to meet their rental obligations with te…