An article recently published by Business Report has again highlighted the shortage of rental accommodation. Many people are now looking to rent a property instead of buy one due to the difficulty involved in getting a home loan.Others that are already homeowners are looking to downsize to a smaller rental property while renting out their own home to make their finances more manageable.

There are many factors contributing to the shortage and high demand such as infrastructure developments by Eskom and others that create a need for accommodation.Also the new policies involved in getting a homeloan and most obviously just the price of property these days.

It seems that buying to let is a good idea at this stage.People are always going to need a place to stay.The real estate market has alot of potential now for those with properties who like the idea of renting them out.And the demand will probably be there for a while to come.

The properties most in demand are two bedroom apartments in the price range of R3300.Another area with noticeable demand is short term rental furnished accommodation.Perhaps this niche is a possibility for property owners looking to get something different out of the experience of renting their properties out.Finding a good letting agent should be a priority when considering leasing out your property as someone with experience will truly be an asset.

So any property owners out there with an interest in renting out their property,it seems you have something people want.

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