South Africa’s rental property market is on the rise, with a strong demand for rental properties leading to low vacancy rates. Factors like highinterest rates, economic uncertainty, and low employment rates have encouraged a shift from homeownership to rental properties. The Western Cape and Gauteng are prime markets for landlords and investors, with a continuing preference for renting over homeownership predicted for the second quarter of 2024. Despite challenges, the rental market offers a golden opportunity for investors, with promising returns expected in the future.
