ZIMBABWE’S commercial and residential property sector is reeling from the double whammy of a long-standing economic crisis and the worsening effects of the Covid-19 pandemic.
This has seen both sales and rentals plummeting precipitously, as hard-pressed businesses and beleaguered consumers are increasingly unable to afford to buy or rent properties.
Experts who spoke to The Financial Gazette this week confirmed that real estate business in the country — including sales, mortgages and rentals — had taken a severe beating in recent months, thereby seriously affecting the sector.
The real estate business in the country including sales, mortgages and rentals had taken a severe beating in recent months.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.