This is what R12,000 per month gets you in Cape Town vs Joburg vs Durban and more

📆 10/21/2023 3:06 PM
📰 BusinessTechSA

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 61%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Despite South Africa’s rental market struggling, there are still properties which demand a hefty monthly outlay.

Rental properties in South Africa have faced a mixed year, with vacancy rates varying significantly across the country.

“However, in real terms, rentals are in negative territory, after deducting consumer inflation,” the Report said. The national average currently stands at 6.9%, which has led to an increase in rental growth to 3.5% in Q2, data from Stats SA shows. “Rode data shows that flats in smaller towns, like Stellenbosch and George, have virtually zero vacancies.”

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Project Manager at Change Logic - Western Cape Cape Town CBDIT Industry News. Daily.
Source: ITOnlineSA - 🏆 16. / 63 Read more »

Commercial Analyst at CA Financial Appointments - Western Cape Cape TownIT Industry News. Daily.
Source: ITOnlineSA - 🏆 16. / 63 Read more »

UX/UI Designer - Western Cape Cape TownIT Industry News. Daily.
Source: ITOnlineSA - 🏆 16. / 63 Read more »

Devops Engineer - Western Cape Cape TownIT Industry News. Daily.
Source: ITOnlineSA - 🏆 16. / 63 Read more »

Power Procurement Project Manager - Western Cape Cape Town CBDIT Industry News. Daily.
Source: ITOnlineSA - 🏆 16. / 63 Read more »

DevOps Engineer - Western Cape Cape Town CBDIT Industry News. Daily.
Source: ITOnlineSA - 🏆 16. / 63 Read more »