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Home » Rising inflation dents mortgage market

Rising inflation dents mortgage market

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ZIMBABWE’S runaway inflation has dented the country’s emerging mortgage market after the sector recorded negative returns in the first quarter of 2020, a latest report has revealed.
The country’s annual inflation rate hit a 10-year high of 647 percent in March — one of the highest in the world.

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Residential property values will remain resilient, however, this may change if the effects of the pandemic remain persistent.

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