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Congratulations to our South African PayProp team: Their Rental Index has gained a serious following in its three short years of tracking local residential letting trends. As the largest processor of residential letting transactions in the South Africa, PayProp's local operations automates more than 2 million trust account transactions annually – and it is these transactional values that inform the PayProp Rental Index.
With this excellent basis, the Index became a valuable source of information to the industry over time, also attracting the attention of a number of high-profile organisations. One of these is the august Statistics SA, which will start using PayProp Rental Index data from this month onwards as a reliable indicator of the major trends concerning one of the largest expense categories of normal households.