Choosing between renting and buying

As South Africans continue to navigate an uncertain economic landscape, the age-old question of whether to rent or buy property is more relevant than ever.

- PROPERTY WRITER

With rising interest rates, load shedding, and increasing municipal rates, the decision requires careful thought.

According to Giovanni Gaggia, CEO of Real Estate Services, there is no one-size-fits-all answer.

"The right choice depends on your unique financial circumstances and long-term objectives," says Mr. Gaggia.

He offers five practical tips to help South Africans make an informed decision:

Assess your finances

Before committing to buying or renting, take a deep dive into your income, expenses, and overall financial stability.