Worrying signs for South Africa’s property market

The rental market in South Africa showed a year-on-year decrease in vacancy rates for the fourth quarter of 2022.

The survey also showed that tenants aged 18 to 29 listed the flexibility to move as their second most significant reason, while those aged 40 to 49 listed having a bad credit score as their biggest reason after affordability. This puts property ownership out of reach for many South Africans, especially those looking to become first-time homeowners.

While inflation is expected to decrease marginally in 2023, salaries will ultimately remain stagnant. This trend is evident as the residential rental Market Strength Index remains positive at 56.47 as demand outstrips supply.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

More homes left half-finished as South Africans run out of money, says Cashbuild | BusinessCashbuild has flagged the growing pressure on SA's poorest consumers, estimating hundreds or more of their incomplete houses can be found sprinkled across rural areas. | News24_Business _Business Ironic while the major chains publish there double & triple digit net profits? Maybe its time to reduce those 60 to 85% Gross Margins to more acceptable 20 to 35% range? _Business The cash build server hasn't been working since last year march when will you fix it.
Источник: News24 - 🏆 4. / 80 Прочитайте больше »