“Honey, should we stay in this house for at least one more year or do you want to move when our lease expires?”
“Let’s stay, please. I hate moving! We moved last year.”
“Okay, but the lease is increasing by another 10% if we stay on.”
If suburbs with lower crime rates are more attractive to property buyers and tenants, and can attract higher sale and rental prices, why is Western Cape property some of the most expensive in the country?
According to property data analytics company, Lightstone - which used crime
The average residential rental in South Africa has remained above the R6,500 level in the third quarter, currently at R6,508, but has shown no movement since the previous quarter (ending in June 2015). This is according to data from PayProp.
“Long-term, year-on-year growth in rentals has