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International News: South Africa's property rental market suffers largest sustained slump since pandemic

  

July 8, 2024     Share on   facebook   Twitter

South Africa's property rental market is experiencing its most prolonged downturn since the pandemic. Bronwyn Wright, a homeowner, expresses concerns about finding tenants. Herschel Jawitz, CEO of Jawitz Properties, notes a significant decline in rental demand, attributing it to economic uncertainties and increased property vacancies. This slump has led to lower rental prices and longer periods for properties to be rented out.