Henry Janson

Paarl, the third oldest settlement in South Africa, was founded in 1687, and still boasts beautiful historical buildings only rivaled by the breathtaking natural surroundings.

One of the most interesting features of the StatsSA residential building statistics during 2022 has been the meteoric rise of the Western Cape to the “number 1” spot in terms of the total value of residential building plans passed and completed.

Demand for residential rental properties saw some recovery in the first quarter of 2022 with the vacancy rate recovering to 8.26%, compared to 13.31% a year earlier, according to TPN Credit Bureau’s Residential Rental Monitor. This is reflected in the strengthening of TPN’s Market Strength Index which recovered to 52.8% in the first quarter of 2022.