Rental growth in South Africa has reached a new seven-year high, according to the latest data from the PayProp Rental Index.
The South African Reserve Bank will make its next interest rate decision on 21 September, and forecasters are divided on where they will go next.
Annual rental growth in South Africa was at its highest for almost eight years in Q1, according to the latest PayProp Rental Index.
Average rents in South Africa grew 4.6% in Q4 2023, according to the new PayProp Rental Index.
Preliminary data from the PayProp Rental Index shows that more tenants are behind on their rent.
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