Data from the latest PayProp Rental Index showed that South Africa’s rental market showed clear regional divides, with some provinces seeing sharp growth while others lagged behind.
According to BusinessTech, South Africa’s residential rental market had a great start this year, with year-on-year growth of 5.2% in January, 6.0% in February, and 5.5% in March.
The data also highlighted that all provinces recorded positive rental growth in the first quarter, with one in particular standing out as the cheapest province to currently rent in.