Rents in Johannesburg increasing the fastest
Tenants worrying about big increases in the rent they pay each month should move to Pretoria.
According to the latest Rode Report, flat rentals in a few of Pretoria's suburbs hardly moved and in some cases, even decreased - great news for tenants but not for property investors.
The report lists flat rentals for standard- and upmarket-quality units, for the third quarter of 2006. The rentals are exclusive of amenities and are for unfurnished units.
Compared to the year before, the average monthly rental paid for an upmarket two-bedroom flat in Pretoria dropped 9%.
On average, it was R100 cheaper per month, to rent a bachelor flat in Pretoria in 2005 than in 2006.
Read more at MoneyWeb.co.za
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