NTHATO RABOSHAGA, PROPERTY EXPERT, WEALTH COACH AND CO-FOUNDER & CEO OF WEALTH CREATION NETWORK
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- Despite the residential rental rate showing slower growth in the first quarter of 2019, PayProp in its latest rental index is still forecasting a market recovery. PayProp’s Rental Index for Q1 2019 revealed a quarterly year-on-year rental growth rate of 3.7%. This is down from 4.1% in the final quarter of 2018. Worth noting is comparative data for the first quarter of 2018, which also showed growth of 4.1% and highlights the slower growth for the first quarter of this year on a year-on-year basis.