TPN Credit Bureau
With interest rates the lowest in decades, more and more investors are now targeting buy-to-let properties. With a growing shortage of good residential rental stock, particularly in the market priced below R1m, many more landlords will now be able to achieve double-digit rental increases this year.
Property pundits says it appears that the buy-to-let market has finally turned to corner, with rentals in slow decline since early 2009 now on the increase. Auction Alliance CEO, Rael Levitt predicts a strong recovery in investment buying this year.
Category : Property News
If you are considering buying a property for investment purposes, with the intention to rent it out, one of your first consideration would be to find a property that will attract lots of potential tenants, with good payment behaviours. The Rental Payment Monitor, a report by the TPN Credit Bureau suggests that the best tenants are found in the Eastern or Western Cape, for properties with monthly rentals between R3 000 and R7 000.
Category : Property News &Rental Property