South Africa

PayProp Rental Index Q3 2022 – Average rent passes R8 000 for first time

Read time:
Booklet cover of PayProp Rental Index

In Q3 of 2022, we see an ongoing recovery and record-high rents despite rising inflation.

While rent arrears increased during the COVID-19 pandemic, they're now back to normal. However, there have been some uneven provincial performances under the strong national statistics.

We're also excited to share the latest article by Michelle Dickens, our new Deputy CEO, on how migration affects provincial rental markets.

As we all know, the rising cost of living has been putting immense pressure on tenants' ability to pay rent. We share 6 strategies to keep your rental portfolio healthy in even the toughest economic conditions.

Finally, we spend some time with Jawitz Western Seaboard, who have grown their portfolio from just two rental properties to more than 40 since signing up with PayProp in 2021.

Subscribe to the PayProp Rental Index at the link below and get the latest issue delivered straight to your inbox.

No items found.

See PayProp in action

Let us show you how to get more out of work and more out of life!

  • Real-time property management
  • Real-time bank integration
  • Real-time reconciliation & payments