05 Aug 2010
The Johannesburg inner city appears to be the only market in South Africa still offering buy-to-let investors a growing income stream.
That’s true for bachelor flats in particular, with latest figures from property economists Rode & Associates showing that average rentals for bachelor units in the Johannesburg inner city rose a whopping 34, 6% in the year to second quarter 2010.
That brought the average rental for a standard bachelor unit in the Johannesburg inner city to R2,675/month. That means it now costs more to rent a flat in Hillbrow than in Randburg. According to Rode & Associates tenants are currently paying an average R2,650/month to rent a bachelor flat in Randburg’s Ferndale and Fontainebleau. Click to read more
That brought the average rental for a standard bachelor unit in the Johannesburg inner city to R2,675/month. That means it now costs more to rent a flat in Hillbrow than in Randburg. According to Rode & Associates tenants are currently paying an average R2,650/month to rent a bachelor flat in Randburg’s Ferndale and Fontainebleau. Click to read more
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