Rental prices are on the up, which is great for rental companies and property owners and less so for folks needing a place to stay amidst the chaos.
Cape Town’s problems stem from a ‘double whammy’ of holiday rentals converted to long-term rentals, and the ability to work from home.
With more and more tenants defaulting on rental payments, and an increase in vacancies, many landlords find themselves under immense pressure.
The rental market has had to adapt to the national lockdown in some fundamental and interesting ways.
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