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Atlantic Seaboard sees boom in micro-apartments but investing might not have rosy returns

Atlantic Seaboard sees boom in micro-apartments but investing might not have rosy returns
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Cape Town , Western Cape , South Africa , Bantry Bay , Sea Point , South African , Michael Ender , Taryn Murphy , John Loos , Residents Association , Tenant Profile Network , Rawson Properties Green Point , Atlantic Seaboard , Sector Strategist John Loos , கேப் நகரம் , மேற்கு கேப் , சரக்கறை வளைகுடா , கடல் பாயஂட் , மைக்கேல் எண்தெர் , தரய்ன் மர்பி , ஜான் லூஸ் , குடியிருப்பாளர்கள் சங்கம் , வாடகைக்காரர் ப்ரொஃபைல் வலைப்பின்னல் , அட்லாண்டிக் கடற்பரப்பு ,

Rapid recovery of private sector building activity unlikely

MONEYWEB
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Covid-19 impact, office vacancy rates and rental payment levels prove stifling.
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Non-residential construction has been one of the hardest hit sectors in the economy. Image: Dwayne Senior, Bloomberg
The significant and long-term impact of the Covid-19 pandemic and associated lockdowns on the office market, together with high office vacancy rates and poor rental payment rates, appear likely to stifle any rapid recovery of private sector building activity.
Construction market intelligence firm Industry Insight reports that private sector building activity has now slowed to its lowest level since 1994.
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Landlords likely to have stricter credit and rental checks after Covid-19 financial impact

Carin Smith
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Most South African rent the property where they stay.
Many are now also without jobs or have experienced a drastic reduction in income due to the pandemic.
Landlords are likely to apply increasingly strict credit and rental record checks.
South Africa s rental market is likely to show only very minimal growth - if any - due to the current combination of high vacancy rates and economic pressures on tenants, according to Gerhard Kotzé, managing director of the RealNet estate agency group.
In his view, most landlords and rental agents are likely to apply increasingly strict credit and rental record checks. Deposit requirements are also likely to rise. ....

South Africa , South African , South Africans , Gerhard Kotz , Tenant Profile Network , Most South African , Only Realty , ஜெர்ஹார்ட் கோட்ஸ் , வாடகைக்காரர் ப்ரொஃபைல் வலைப்பின்னல் , மட்டும் ரியல்டீ ,

Short-term rentals are on the rise in South Africa

Short-term rentals are on the rise in South Africa
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As the effects of Covid-19 and a volatile economy continue to impact the rental market, both landlords and tenants must take steps to protect themselves.
Even in the best of times it can be a difficult task to secure reliable tenants, but the pandemic has added an extra layer of complexity into the mix.
Financial instability, job losses and impacted credit scores make finding dependable monthly rental payments and finding stable tenants increasingly difficult.
Recent stats from the Tenant Profile Network (TPN) paint an even darker picture of the rental landscape. TPN’s stats indicate that 60.74% of tenants paid their rent on time this quarter, while 9% of all tenants are not paying rent at all. ....

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