Residential rentals on the rise again

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South Africa Headlines News

After a mini-boom in the home-buying market, higher interest rates now look likely to buoy residential rentals, with Cape Town taking an early lead.

It seems increasingly likely that buy-to-let investors will be able to push through inflation-linked rental increases when leases come up for renewal this year. That will no doubt offer welcome respite to residential landlords, many of whom have had to slash rentals over the past two years to keep their tenants.

Unlike housing sales, which in the past 18 months experienced a mini-boom on the back of cheap mortgage finance and pandemic-related shifts in how people live and work, the rental market has been somewhat in the doldrums...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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