• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

Loading...
See More

Residential payments conduct worsens

Aug 14 2011 12:00 Elma Kloppers

Related Articles

Residential property plays catch-up

Trophy homes back in vogue

Property development under pressure

Real house prices down 15%

Property agents reeling from downturn

Machanik house goes under the hammer

 
Johannesburg - The payment conduct of residential tenants across the country worsened in the second quarter – for the first time in 24 months.

This is attributed to growing financial stress resulting from increasing unemployment, heavy indebtedness and hikes in the cost of electricity, food and fuel.

The number of “good” tenants – those who pay in time and others who pay late but still the full amount – declined from 81% in the first quarter to 79%, according to the latest rental monitor data from Tenant Profile Network (TPN).

In all, 9% paid a portion and 12% nothing at all – more than the 10% who had not paid at all in the first quarter.

TPN managing director Michelle Dickens said tenants paying rent of less than R3 000 a month had been the worst payers in the quarter.

property

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...