TPN Vacancy Survey Report Q3 2024
National residential rental vacancies fell to 5.07% in the third quarter of 2024, the lowest since the TPN Vacancy Survey started in 2016. Limited new supply and strong demand kept vacancies low in this quarter, with properties under R12,000 a month …
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…
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…
Vacancy Survey Report Q4 2023
The many challenges currently facing consumers, including the increased cost of living, has benefited the residential property investor and the various industries that support the overall residential rental market ecosystem. Rentals continue to grow,…
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…
Vacancy Survey 2023 Q2
While consumer confidence dipped in Q2, residential rental vacancies remained stable overall. National vacancies increased slightly between the first and second quarters of 2023, from 6.19% to 7.27% in the second quarter. Properties at the lower end …