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.
Click HERE to download the TPN Residential Rental Monitor 2022 | Q1
TPN Vacancy Survey Report Q1 2024
Residential rental vacancies in South Africa have reached historic lows, with the national vacancy rate decreasing to 4.42% in the first quarter of 2024, the lowest level since 2016. This trend is driven by high interest rates making homeownership un…
