Residential
Rental Monitor
2022 | Q1
Ominous decline in good standing
The financial pressure consumers are under is reflected in the fact that the number of tenants in good standing with their landlords has started to drop from 81.4% in the fourth quarter of 2021 to 80.78% in the first quarter of 2022.
The only rental price brackets continuing to improve in good standing are those paying R12 000 a month or more.
Given that almost 70% of the rental market pays R7 000 or less per month, while 22% pays between R7 000 and R12 000 per month, only 8% of the rental market continued to see some improvement in good standing during the first quarter of 2022.