Property Sector Stocks Performance

Property Sector Stocks Performance
Published: 26 August 2013
The opportunities to acquire real estate properties are rising and at the same time property prices are also climbing up.

In the previous week the Property sector has been performing well on the ZSE.

Topping companies on the stock in the sector are ZPI, Pearl and Masimba. The property sector is forecasted to be Zimbabwe's booming business markets. However there are some constraints that need to be addressed to get this sector growing.

The basic foundations for this sector are high disposable incomes, affordable debt options and healthy banks.

These are the very important foundations that will propel the Zimbabwean property market to attractive heights.

On average wages in Zimbabwe are below $300 per month and this considerably very low. And the absence of a significant middle class have created a huge gap in the property market in Zimbabwe, resulting in very small numbers being able to access reasonable mortgages to participate in the property market, and that has depressed activity and indeed the yields.

This then calls for stake holders such as banks and property market players to form strategies that will enhance the access of reasonable mortgages for low income earners.
- BH24
Tags: Property,

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