INVESTING
4 . Rental realities : Collections , good standing , and escalations When it comes to renting , there had to be a positive recovery at some point since the pandemic … According to the TPN Rental Monitor Residential Sector Q3 2023 Report , residential tenants in good standing have finally recovered to 83.34 %. The upper to mid-level brackets recorded
their best good standing ever !
Rental growth rebounded impressively over the last eight quarters since Q3 2021 when we recorded Year-on-Year growth of just 0.2 % ( PayProp Rental Index Q2 2023 Report ). It has recovered to be better than pre-pandemic levels and currently stands at 4.4 %!
Quarterly rental growth rate ( YoY ) with a moving average trendline : Q1 2020-Q3 2023 Source : Payprop
A bright future awaits property investors Despite challenges , my optimism about the market ' s potential for growth and success remains unwavering . However , understanding how economic factors influence our property investments is paramount to seize opportunities in this evolving landscape . So , let ’ s get into some of them : Right now , the average property price growth is ± 3 %, and the
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