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Oversupply, lack of 'better quality tenants' hitting residential rental market

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More and more tenants give notice to move to cheaper accommodation.
More and more tenants give notice to move to cheaper accommodation.

There are currently a large number of residential rental properties available on the market, according to Grant Smee, managing director of Only Realty and founder of EPiC South Africa.

Both Johannesburg and Cape Town are showing a large oversupply and pressure on rental prices.  

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