Paul Nyakazeya, Group Digital Editor 
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THE property market is likely to remain under pressure during the first quarter of the year due to the effects and restrictions of the Covid-19 pandemic, and a persistently difficult macro-economic environment, Old Mutual Securities (Omsec) has said.
In a note last week, the research firm said apart from the effects of the pandemic, property remains a good medium to long term hedge against inflation.
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“The (property) market is likely to remain under pressure from Covid-19 restrictions and low rental yields. However, the adoption of Zimbabwe dollar-based valuation is expected to support capital price appreciation,” Omsec said.
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