Thursday, 26/11/2020 | 0:29
  
You are here: /

National inflation rate at 1.72%

The residential property market has been in consolidation for a while now through the presently slow economy. In 2019 the market closed with an annual inflation rate of only 1.7% at national level.

In January 2020 the Monetary Policy Committee (MPC) announced a reduction in the benchmark interest rate by 25 basis points to 6.25%, and that is positive news for the consumers’ budget.

As the market currently stands, we see the slowdown across all segments.

Please download the full report by clicking here


~ Courtesy of Lightstone