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AnalysisIntelligenceBuilding

More house building needed to meet rising rental demand

Construction shortfalls are pushing up residential rents to record highs, according to the rental payment experts at PayProp.Data from the platform, which processed more than R1.4 billion in rent in June 2024, shows that the average rent in the country rose by 4.9% year on year in Q2 2024 – the fastest growth since 2017.

16 September 2024 · steven · 3 min read