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 Q2 2024
Residential rental vacancies in South Africa rose to 6.72% in the second quarter of 2024, up from 4.42% in Q1, as economic pressures and evolving consumer behaviour impacted demand across all provinces and rental value bands. The sharpest increases w…
