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.
Advertisements
Residential property values will remain resilient, however, this may change if the effects of the pandemic remain persistent.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
Login if you have purchased