Even before the global pandemic, South Africa was in dire a dire economic situation. Acting as a catalyst, COVID-19 slung South Africa into a recession, leaving many citizens without salaries to pay their rent.
This economic situation is now the new norm for the foreseeable future until the country experiences an extreme shift in career creation and recovery.
Data for Q3 states proves that the sectors suffering the most with spikes in vacancies are low-end properties. In stark contrast, the luxury market also took a knock, showing an increase in vacancy rates.
Read the full article here: Rent Vs Salary | What South Africans Can Afford To Spend On Rent
