Residential rental market experiencing COVID-19 induced pressure

Sep 15, 2020 9:38:55 PM Share this:

South African Residential rental market is currently experiencing the effects of the COVID-19 economic situation. The latest PayProp Rental Index for Q2 2020 shows the first indications brought on by the pandemic and subsequent lockdown. With unfavourable effects on rental levels, growth and non-payments in the country, as well as widespread household financial pressure – the rental market is likely to follow this trend into the near future. 


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Topics: Richard Gray, Harcourts South Africa, Interest Rates, Rental Market, COVID-19

5 tips on becoming a good rental agent

Feb 10, 2020 8:00:00 AM Share this:

Renting is the smart financial choice for many consumers, but a ‘difficult’ landlord can easily make it feel like the wrong choice, and cause tenants to leave as soon as they possibly can.

On the other hand, says Gerhard Kotzé, MD of the RealNet Properties, landlords who are able to establish a good working relationship with their tenants will have a much easier time when it comes to organizing any repairs necessary and retaining those tenants or showing the property to prospective new tenants.


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Topics: Rental Market, Tips for Agents, Real Estate Agents, Harcourts Real Estate

Where have local rental prices increased most?

Nov 13, 2017 8:00:00 AM Share this:

The latest PayProp rental index for the third quarter of 2017 released recently indicates where rental prices have increased and decreased across the South African property landscape.

We've seen how the state of the economy has influenced consumer confidence and put many of us into price pinch between rising food costs, fuel costs and less disposable income.


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Topics: Renting, Agent Life, Harcourts South Africa, Rental Price, Rental Market, Real Estate Agents

Petrol price hikes' potential effect on the property market

Sep 28, 2017 10:08:33 PM Share this:

Today's reports that fuel prices are expected to rise even further in October, largely due to the sharp rise in crude oil price, will definitely have an effect on the property market.

Sources are saying the department of energy published information today that the price of gasoline 93 (ULP & LRP) in Gauteng might rise by 26 cents per liter in the first week of October with the price of diesel expected to rise by 37 cents per liter.


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Topics: Harcourts South Africa, Finance, Petrol Price, Rental Market, Property Markets

Petrol price hike's effect on the property market

May 15, 2017 8:00:00 AM Share this:

Recent data from the Department of Energy pointing to a petrol price hike of around 55 cents a litre, and diesel costs increasing by approximately 39 c/l has a definite influence on the economy. Despite the property market being seen as a long term investment and to a large extent resilient to short term economic fluctuations the rental market can often be susceptible to market instability and price hikes.


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Topics: Rental Market, Fuel price