Latest News & Developments
The ‘rental’ asset class is said to be growing nationally.
Issues related to municipal service delivery and unstable local government administration have affected property values and investor confidence.
If affordability challenges persist and younger buyers are locked out of the property market, the country risks increased pressure on rental markets, less long-term wealth generation among youth and potentially a shrinking base of future homeowners.
Many South Africans are adopting a wait-and-see attitude in an uncertain environment, with multiple headwinds. This means salary earners might opt to be conservative and keep on renting as opposed to buying a property,
The recent VAT increase in South Africa's 2025 Budget may reshape the property market, influencing buyer affordability and rental demand.
The rental market in Bellville, Durbanville, and Parow is thriving, driven by increased demand and a slight VAT increase, according to property experts.