Renprop offers rental guarantees to entice investors
The housing developer and manager says it will pay an 8% net return regardless of the weak economy
26 May 2021 - 18:12
In a move to entice investors in a depressed rental market, development and management company Renprop has introduced a rental guarantee product, which delivers an 8% net return to investors, outpacing money market products.
While South Africans are buying houses in droves given 50-plus year low interest rates, the rental market has had to decrease monthly charges to attract tenants...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.