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Property sector depressed

"As Zimbabwe battles currency weakness and a flush of foreign currency from the diaspora, which now outstrips foreign direct investment, investors are “focusing more on the real (estate) sector” which is largely “a store of value alongside equities”

LISTED property firm Mashonaland Holdings Limited (MHL) says reduced capacity utilisation and declining disposable incomes have resulted in a fall in demand for real estate space and properties. In a trading update for the first quarter ended December 31, 2019, MHL said occupancy levels marginally declined to 76,2 percent in 2019 from 77 percent. “Occupancy…

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