Tuesday, 20/4/2021 | 18:53
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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.

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~ Courtesy of Lightstone