#PODCAST MRI Software: New study looks into why South Africans are choosing to rent homes, rather than buy them #sabcnews

By Newsbreak Producer Tashlan Naidoo - A recent survey has found that more people are choosing to rent homes rather than buying due to financial constraints. The survey is conducted annually by real-estate software company MRI Software. In the latest survey, around 19-thousand people responded found that high interest rates, inflation and restricted employment opportunities are having a significant impact on the possibility of home ownership. Just under 10% of respondents said a poor credit record prevented them from becoming a homeowner. Industry Principal at MRI Software, Waldo Marcus says other findings included that women tend to rent in lower rental value bands compared to men...