Property market bullish in 2017

The construction industry will benefit as demand for property is seen picking up
The construction industry will benefit as demand for property is seen picking up

The Botswana property market is showing signs of improvement in 2017 despite headwinds in the economy, brought on by reduced commodity prices and a decline in demand from the trading partners.

Following the release of the annual Botswana Property Report, real estate investment and development company, Vantage Properties expressed its positivity about the future.

Lloyd Sungirirai, chief investment officer at Vantage Properties, said there are still indications of optimism in selected property markets.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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