|Quarter 1||Quarter 2||Quarter 3|
|R3000 - R7000||7.16%||3.62%||4.31%|
|R7000 - R12 000||4.28%||5.27%||5.55%|
|R12 000 - R25 000||7.07%||14.11%||11.98%|
*Source: TPN Vacancy Survey 3Q 2016TPN also concluded that the vacancy rate for properties in the mid-to-high-income segment (R12 000 to R25 000 per month) was nearly three times higher, at 11.98%. If you are looking to invest in property and potentially become a landlord, TPN suggests Cape Town due to the high demand and low supply. Many a tale has been told about how apartments in the Cape Town CBD can look almost prehistoric due to lack of modernisation. This could be directly attributed to the high demand. Modernisation is not necessary as people still populate these areas. Simply put, people will pay to be where they want to be.