The past year has forced South Africans to relook their budgets and question every expense. The economic strain of the pandemic means everyone is looking to save where they can.
It is hard to believe that Christmas is next month, isn’t it? That means the last quarterly PayProp Rental Index for the year is here.
Looking back on the second quarter's market performance, we see national and provincial rental growth holding up despite challenging economic conditions.
In this quarter’s PayProp Rental Index, we see an ongoing recovery and record-high rents despite rising inflation.
After 18-plus months, it now seems as if the country is slowly coming out of the uncertainty brought on by COVID-19.
More than a year since the world went into lockdown, the effects of COVID-19 can still be seen and felt in the South African rental market.