Residential Rental Monitor 2022 | Q1

 

The financial pressure consumers are under is reflected in the fact that the number of tenants in good standing with their landlords has started to drop from 81.4% in the fourth quarter of 2021 to 80.78% in the first quarter of 2022.

The only rental price brackets continuing to improve in good standing are those paying R12 000 a month or more.

Ominous decline in tenants in good standing

Given that almost 70% of the rental market pays R7 000 or less per month, while 22% pays between R7 000 and R12 000 per month, only 8% of the rental market continued to see some improvement in good standing during the first quarter of 2022.

Click HERE to download the TPN Residential Rental Monitor 2022 | Q1

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