South Africa’s Average Rent Surpasses R9,000 for the First Time

The average rental price in South Africa reached R9,051 in the fourth quarter of 2024, marking the first time it has exceeded R9,000. According to the PayProp Rental Index, rental growth saw a 5.2% year-on-year increase, reflecting renewed confidence in the country’s rental market. Compared to the same period in 2023, rent increased by R453. … Continue reading South Africa’s Average Rent Surpasses R9,000 for the First Time