Pretoria East and North; Favourable Conditions for Tenants and Stability for Buy-to-let Investors
Category Property News
Residential buy-to-let property in Pretoria, has for a long time, remained a strong investment class due to a high demand from the rental market. This has spurred on a wealth of new developments as more people move into the bustling city.
Motivated by modern and secure homes, the close proximity to commercial precincts and a myriad of amenities, the rental market is currently undergoing changes that are slanting firmly in the favour of tenants, however, this does not mean that buy-to-let investors are losing out.
Good News for Tenants
Over the years, rentals in the area were defined by two distinct factors, namely:
• Constant demand
• A massive development pipeline
Both factors have transformed Pretoria’s landscape and new developments have accelerated the supply of homes, which has led to an oversupply in certain nodes. This means that tenants now have the advantage when negotiating rental prices and owners have to lower their prices to remain competitive and avoid vacancies.
In fact, the latest statistics reveal that rental rates have declined by about 8%, with the most active price range between R6500 – 8500 per month.
Where are Tenants Moving to?
As tenants enjoy and benefit from favourable conditions, certain nodes are emerging as popular rental destinations. Both Pretoria East and Pretoria North accommodate a wide range of rental homes that appeal to people from all walks of life.
A Closer Look at Pretoria East
Pretoria East is made up of the popular suburbs of Olympus, Hazeldean, Equestria and Willow Park Manor. Tenants are flocking to this region due to secure and modern homes that are situated amid the very best hospitals, shopping malls and schools.
Amenities Include:
Hospitals
• Netcare Pretoria East Hospital
• Netcare Moot Hospital
• Mediclinic Muelmed
• Life Faerie Glen Hospital
Shopping malls
• Parkview Shopping Centre
• Monument Park Shopping Centre
• Waterglen Shopping Centre
• Menlyn Park Shopping Centre
• Hillcrest Boulevard
• Lynnridge Mall
Schools
• Hatfield Christian School
• Cambridge International School
• Millennium Kids Montessori School
• Casa Bambini Baby House and Preschool
• Abbotts College
• The Glen High School
A Closer Look at Pretoria North
Tenants flocking to Pretoria North are most attracted to the suburbs of Montana and Dorandia. Similar to the east, homes here feature state-of-the-art security and contemporary designs.
Amenities Include:
Hospitals
• Pretoria North Medical Centre
• Pretoria North Surgical Centre
• Intercare Wonderboom Medical & Dental Centre
• Netcare Akasia Hospital
• Netcare Montana Private Hospital Pharmacy
• Netcare Moot Hospital
• The Steve Biko Academic Hospital
Shopping Malls
• Wonderpark Shopping Centre
• Kolonnade Shopping Centre
• Jakaranda Centre
• Brooklyn Mall
• Hatfield Plaza
Schools
• Pretoria North High School
• Assumption Convent Primary school
• Gerrit Maritz High School
• Laerskool Danie Malan
• Laerskool Rachel de Beer
The east and north regions are experiencing high tenant due to the type of properties on offer. Here, you can uncover estate homes, complexes and apartments, which are affordably priced without compromising on luxury.
Pretoria East is particularly renowned for its beautiful retirement homes, such as Bronberg Retirement Estate, Retreat Retirement Estate, Wilgers Retirement Village and Pretoria East Retirement Village. Considering the widespread development of these homes, retirees are greatly driving tenant activity.
Similarly, Pretoria North has honed a strong retirement market, as well as an expanding lifestyle estate market. Here you can find Bougainvilla Retirement Village, Zambezi Estate, Twee Riviere Lifestyle Estate, Crimson Manor and Platinum Manor Security Estate.
Buy-to-let Investors Still Benefit
Although the market is slanting firmly in the favour of tenants, buy-to-let investors are still benefiting from a constant stream of tenants moving into Pretoria. The oversupply of homes in the market will eventually be occupied, resulting in the market shifting back in favour of the investor.
CSi Property Group has in-depth experience in navigating Pretoria’s residential property market. We have, therefore, secured a number of listings in the vibrant city that caters to diverse property requirements. To find out more about the homes available in Pretoria, speak to our helpful agents today.
Author: CSi Property Group
