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Disposable income on the rise for South African tenantsSouth African tenants are in a better financial position than at the end of 2022 despite high interest rates and inflation – great news for rental agents and landlords who rely on timely rent payments. Rental market picks up the slack as property sales declineWhile the property sales market declined notably during 2023 due to the spike in the interest rate, the rental market soared as many would-be buyers turned to rentals for more affordability and reduced risk.Second home and semigration buyers are flocking to these small townsLocal and international buyers are rediscovering South Africa’s beautiful small towns with their often top quality lifestyle, and locations not too far from bigger towns or cities.
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