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South African millennials prefer renting to buying a home

South African millennials prefer renting to buying a home

[Photo: China Plus]

Millennials are the largest generation residing in Soweto at the moment, where the rental rates are around R2,500 per month for a one-bedroom apartment and R4,000 per month for a two-bedroom apartment. It also shows that a two-bedroom property in Sandton cost tenants around R15,000 per month, while the amounts in Fourways and Midrand are around R12,500 and R8,000 respectively.

China Plus Published:2020-02-0209:50:15

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