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Sturdy residential rental demand in Gauteng

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Cape Town - Foreign corporates and local professionals are creating a considerable demand for accommodation closer to Gauteng's business centres and apartment living is increasingly sought after in the rapidly developing hubs of Sandton, Rosebank and Menlyn in Pretoria, according to Jason Shaw, manager of the Pam Golding Properties (PGP) Fourways and Midrand offices.

Shaw says many properties in Gauteng are purchased for purposes of letting them out and carefully chosen properties are an excellent investment.

“The residential property rental market in Gauteng is a complex one with opportunities and markets varying from area to area. However, many astute investors are achieving excellent returns on their investments through the buy-to-let market,” said Shaw.

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