In light of recent rate hikes from the South African Reserve Bank (SARB), buying a house has become increasingly more expensive. As a result, more people may…
In light of recent rate hikes from the South African Reserve Bank , buying a house has become increasingly more expensive.
Rode reported that this is better than the 8.3% average of 2022. However, vacancy rates are still slightly above the 5.3% average recorded in the three years from 2017 to 2019 that preceded the pandemic. “In contrast, Gauteng saw its vacancy rate worsen to 10.1% from 8.2%. KwaZulu-Natal’s vacancy rate also worsened to 14% from 10.8%.”
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