Young South Africans opt for rentals over purchasing property. Here’s why…

Lester Kiewit speaks to Lightstone Managing Executive, Hayley Ivins-Downes.

Listen below.

Real estate trends show that young South Africans are opting for rentals over purchasing property.

“Two factors are the economy, the cost of living at the moment… and the preference for urban living and lifestyle.”

- Hayley Ivins-Downes, Managing Executive – Lightstone

“As someone wanting to buy a property you look at the cost of repayment on a bond versus what you are going to pay on a rental. At the moment the rental is standing out better.”

- Hayley Ivins-Downes, Managing Executive – Lightstone

As interest rates drop, properties become more viable.

Scroll up to the audio player to listen to the discussion