Vacancy Survey TPN report

The Talking Point

Residential rental properties are experiencing their lowest vacancy rate since 2016 currently sitting at 4,42%. This is according to the TPN Credit Bureau and the latest Vacancy Survey report for the first quarter of 2024. The survey measures the number of sectional- and full-title residential units across the country. The report has outlined that due to the high interest rates over the past 18 months, many people are renting properties over a longer period of time as home ownership remains out of reach. While low vacancy rates are good for property owners and investors, our next guest warns that landlords should be mindful of constrained budgets and caution against changing the rental value band of properties as it may lead to tenants defaulting on their obligations. To tell us more about this report and share reflections from different provinces, we are joined by....

Guest (ZOOM): Waldo Marcus - Industry Principal at TPN Credit Bureau, an MRI Software company

Guest (TELEPHONE): Sbu Nyathi - Sustainability Practitioner at Isakhombe Assets & co-host of Ubuntunomics Podcast

Guest(TELEPHONE): Thato Ramaili - Chief Executive Officer of the Property Practitioners Regulatory Authority (PPRA)