The first survey into how COVID-19 has affected South African Tenants
"Pam Golding Properties CEO Andrew Golding says ‘We’re currently seeing a situation where 20% of our tenants are not able to pay their rent. People are having to find creative ways to pay what they can – borrowing from friends or family or extending the terms of personal loans.”
Andrew Golding
CEO at Pam Golding Properties
”Just Property CEO Paul Stevens says “Annual escalations are stagnant and we’re looking at a possible reversion of rental amounts. It’s not only the middle class being affected – it’s hitting everywhere.”
Paul Stevens
CEO at Just Property
"Trafalgar Property Management MD Andrew Schaefer says ‘ the rental market was already under pressure before lockdown, and things have only gotten worse. Tenants won’t be able to catch up with their arrears any time soon, so we need to consider how this all clears through the system. We believe that rental credits are the only way forward.”
Andrew Schaefer
MD at Trafalgar Property Management
Management says: "a new world is coming and there will be a big shift in how landlords, agents and tenants engage rewards systems like Flow’s can be a part of that. It’s a way for landlords, agents and tenants to participate in a value exchange, which is going to be essential, going forward”
Paul Schaefer
CEO of Ithemba Property
"it’s difficult for landlords to perform in lockdown as they can’t visit the properties for inspections . Landlords also may be in financial difficulty to attend to maintenance issues at this time.”
Dexter Leite
Manager Rentals at Pam Golding Properties
Insights from a cross section of SA’s biggest rental community
