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Average national property rental inflation at 6.4%

rental resizeTenants are paying R6,570.50 on average to rent a house in South Africa, according to Q2 2016 stats from PayProp Group.

This is a 6.4% increase compared with the same period in 2015, with the company’s CEO, Louw Liebenberg, saying the figures show a welcome return to stability following the 7.4% inflation measured in Q4 2015.

“Rental growth in Gauteng has been declining for some time, while corresponding increases are evident in the Cape,” he said, noting that high-value rentals above R10,000 were growing at a significantly faster rate in the Western Cape than in Gauteng. “In economic terms, this indicates a decline in demand in Gauteng and an increased demand in the Western Cape.”


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