‘Property market undersupplied’

11

PROPERTY is overpriced in Zimbabwe compared to other markets due to inflation and a lack of supply, industry players say.
It comes as high inflation in the southern African nation has driven up demand for value-preserving assets such as property.
Meanwhile, analysts say stocks have lost their utility as value-preservation instruments after the speculation-deterrent measures put in place by the government in 2022.

“At the moment, there is an undersupply of property in this market, and as hard as it is to believe, go try and rent an office,” West Property chief executive Kenneth Sharpe said during the company’s financial analyst briefing held recently in Harare.