Rental vacancies were at historic lows in the first quarter of 2024, and there are two provinces that are primed for investors and landlords.
National rental vacancies were at historic lows in the first quarter of 2024, and the Western Cape and Gauteng offer the best markets for property investors and landlords.
The report highlighted that the percentage of households in the rental market increased from 22.5% in 2022 to 23.9% in 2023. In the first quarter of 2024, the national residential vacancy rate dropped to 4.42% from 6.69% in the previous quarter, the lowest level since TPN’s survey began. Rental demand increased from 85 points in 2023 to 90 points in 2024. The Rental Market Strength Index increased further to 73 points as the supply rating decreased from the fourth quarter of 2023 to the first quarter of 2024.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: Keyshia Cole To Tour South Africa This SummerSeasoned concert organizers Glen21 Entertainment today confirmed that the iconic R&B songstress Keyshia Cole will be touring South Africa later this year.
Read more »
South Africa: Anti-Immigrant Rhetoric Shot Up Online Before South Africa PollsThe online conversation against immigrants in South Africa increased sharply in the lead-up to the recent national elections, reports the Centre for Analytics and Behavioural Change (CABC).
Read more »
South Africa: Will Foreign Policy Differences Be a Deal-Breaker in South Africa's Coalition Negotiations?Analysis - The ANC has sharp differences over foreign policy with other political parties. The question is whether these differences will be deal breakers in ongoing negotiations to form a government of national unity or a coalition.
Read more »
South Africa: Anti-Immigrant Rhetoric Gained Ground During Run-Up to South Africa's ElectionsAn online activity report by the Centre for Analytics and Behavioural Change (CABC) has found that South Africa's socio-economic problems are increasingly being blamed on immigrants.
Read more »
South Africa: Better Policing in South Africa Is Well Within ReachAnalysis - SA has the necessary skills and resources - we need the president and police minister to make reform their mission.
Read more »
South Africa: Coalition Government in South Africa Will Affect the Country's Policies Internally and GloballyAnalysis - South Africans say they are excited and eager to see what a coalition government is going to look like days after elections show no party won an outright majority.
Read more »