Vacancy Report 2020 Q3 - The results are in!

Vacancies hit 11.39% in quarter 3 of 2020, noticeably up from 9.13% in the “hard-lockdown quarter” Q2 and 7.47% in Q1. 

To quote the BankservAfrica Take-home Index, “the number of take-home monthly payments in June 2020 decreased by -20.7% on a year ago... It is possible that a fifth of employees in the private sector did not receive a salary in June 2020.” 

Now more than ever, a vacant property is preferable to a squatting tenant. “Lockdown” Regulations have dramatically suspended landlords’ rights to execute on their eviction orders. 

Please click here to see the 2020 Q3 Vacancy Report

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