PayProp Rental Index – growth accelerates for eighth quarter
The average SA residential rent grew 4.6% year on year in Q3 2023, according to the new PayProp Rental Index – the highest recorded since 2017.
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In this issue, we track national and provincial rents, rental growth and arrears, and delve into provincial credit and spending trends throughout the year.
Michelle Dickens, PayProp’s Deputy CEO, also outlines some of the major rental market trends we expect to see in 2023 and beyond, and we find out from two clients why their rental books are powered by PayProp. With so many reasons to pick from, it’s always fascinating to hear from our clients’ real-life experiences!
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