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.
Advertisements
“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,” Omse
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
Login if you have purchased