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Tenants face stiffer rental costs due to expected interest rate hikes

Tenants face stiffer rental costs due to expected interest rate hikes
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Cape Town's rental resurgence bodes well for market

For global business leaders, the continent we call home is simply the next frontier, a high potential market. ....

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Cape Town rental property market presenting a mixed bag of tricks

Cape Town rental property market presenting a mixed bag of tricks
While the recent PayProp State of the Rental Industry Survey found that the key challenges agents currently face are a shrinking viable tenant pool, lower tenant affordability and high arrears, the Cape Town market continues to march to its own drum according to Lorraine-Marie Dellbridge, rental manager for Lew Geffen Sotheby s International Realty in Cape Town s Southern Suburbs, False Bay and Noordhoek.
Image source: Gallo/Getty
The real issue in the area, she says, isn’t so much a lack of tenants, but rather the amount of available stock. “My agents have been running themselves ragged with viewings this year so there are definitely enough tenants out there, but actual applications and signed leases are comparatively few and far between as prospective tenants, faced with a wide choice, take their time to commit to one property. ....

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