The rental market in South Africa has been a haven for many who cannot afford to purchase a home yet. But the latest report by Rode Property Consultants, shows how flat vacancies have dropped nationally.
According to Rode’s head researcher, Kobus Lamprecht, Cape Town is the most expensive place to rent in the country.
“Cape Town’s demand for housing is being boosted by the city’s perceived better governance and lifestyle, and more reliable electricity,” he said.
Lamprecht said some of the reasons why the