“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.”
According to the TPN Market Strength Index landlords in the Western Cape can afford rental escalation rates four times higher than that of the national average but still remain the province with the best tenant payment performances in the country.
During the second quarter of 2016 the
Tenants 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
Absa’s Housing Review for the fourth quarter of 2015 published on November 9, reports housing rental indices, as published by Statistics South Africa, showed that national rental inflation averaged 5% y/y in January to September this year, which was above the average headline consumer price