South Africa's residential rental market has entered 2025 on a high note, exhibiting its most robust performance in years, according to the latest findings from the PayProp Rental Index.In the first quarter of 2025, average national rental growth climbed to an impressive 5.6%, marking the strongest quarterly increase since the third quarter of 2017.This surge pushed the average rent to R9,132, with growth...
As 2025 unfolds, savvy investors are turning their attention towards the burgeoning buy-to-let property market in South Africa. Barto van der Merwe, Managing Director of Renishaw Property Developments, explained the attractive nature of this investment landscape. “Following years of economic uncertainty, the shifting market conditions now favour investors ready to take advantage of improved...
Demand for rentals is growing, making the market the busiest it has been since 2018. Gauteng and KwaZulu-Natal director and national group rental manager for Tyson Properties, Murray Haywood, has noted an increasing trend of people opting to rent rather than buy. “The factors influencing this extend beyond the daunting costs of running a house or the consistent expense of maintenance. The...
President Cyril Ramaphosa and the Department of Human Settlements (DHS) earlier this week called for the Expropriation Act to be used to take control of abandoned and hijacked buildings in South Africa's inner cities, with the goal of transforming them into affordable housing. However, private owners who have been battling for years to get their buildings back from criminal syndicates, have slammed...
The cheapest and most provinces to rent in South Africa have been revealed in the PayProp Rental Index. ;The index is a quarterly guide outlining trends in the South African rental market and is compiled from transactional data collected by PayProp. ;The Western Cape has the highest rent while the North West has recorded the lowest rent and the average rent for the country was R9,051 making it the first...
The average rent for property in South Africa for Q4 2024 was R9,051, according to the PayProp Rental Index. ;This is the first time that average price of rent in the country was over R9,000. Year-on-year, rental growth increased by 5.2% for Q4.Rent for Q4 was R453 higher than the year prior and R195 more than the previous quarter. ;The report showed rental growth recovery, signalling confidence in the...
Despite not having the enjoyment of a property he bought, a Parklands homeowner has hope to move into his home after an inherited illegal occupier was evicted by the Western Cape High Court. Earlier this week, the high court issued an eviction order against a woman who refused to move from the home that she and her estranged husband and their children lived in. The new homeowner, who has...
Property expert Adrian Goslett argued that calculating your home’s potential to generate a profit will provide a clear picture of how well a property is performing as an investment. ;The Regional Director and CEO of RE/MAX ; said that knowing this information will also help you decide whether to keep your property, sell or upgrade it. ;The expert said that conducting a return on investment calculation...
The buy-to-let strategy has faced headwinds in South Africa, with rising interest rates, economic pressures, and escalating property prices making it harder for investors to ensure rental income covers costs, according to Odette Maartens, head of rentals at DG Properties. Despite these challenges, Maartens says Cape Town and the Western Cape remain strongholds for buy-to-let opportunities, thanks...
Choosing the perfect rental property is an important decision for those seeking to rent a home, as it affects their lifestyle and financial well-being. With a varied selection of possibilities accessible, learning how to choose the most appropriate property is vital. “Finding the right rental property can enhance your quality of life and provide peace of mind in your living situation,” said...
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