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South Africa's rental market sees strongest growth in years amid economic uncertainty

The Mercury

|

July 17, 2025

AS SOUTH Africa grapples with a continued weak economic outlook, a noteworthy shift is occurring in the residential property market.

- YOGASHEN PILLAY

The Seeff Property Group has reported that fewer consumers are looking to buy homes, a trend echoed by the latest findings from the Pay-Prop Rental Index. The Index reveals that the residential rental market in South Africa has kicked off 2025 with extraordinary momentum, recording an uptick of 5.6%, the highest quarterly growth since the third quarter of 2017.

The robust growth was underscored by pushing the average rent to R9 132 across the nation.

Notably, February alone saw a year-on-year rental increase of 6%, marking the most significant monthly growth recorded since August 2017.

The Mercury से और कहानियाँ

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