Indluplace points to municipal rates hikes for pressure on earnings
13 November 2019 - 19:44
Indluplace Properties, the residential specialist fund, says a rise in municipal rates has outstripped rental fees increases, putting pressure on earnings.
The affordability of its tenants, most of whom pay rent of R2,000-R7,000 a month, has dwindled in the year to September, as wage growth and credit health has slipped...
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