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The most up to date rental market stats were released by TPN recently.
Here are the ‘quick stats’ by province . . .
National:
- Vacancy rate: 8.26%
- Rental escalations: 1.93%
- TPN Market Strength Index: 52.8%
- Tenants in good standing: 80.78%
Western Cape:
- Vacancy rate: 2.91%
- Rental escalations: 2.97%
- Tenants in good standing: 86.42%
Gauteng:
Vacancy rate: 8.69%
Rental escalations: 0.92%
Tenants in good standing: 78.83%
KZN:
Vacancy rate: 13.26%
Rental escalations: 4.15%
Tenants in good standing: 80.89%
Eastern Cape:
Vacancy rate:
Rental escalations: 3.92%
Tenants in good standing: 83.83%
Click here to download & read the full Residential Rental Monitor 2022 Q1.
Also, remember you can download investor reports down to a suburb level from TPN to send to clients and prospective clients. Click here to get the report for your focus area.
