Market sentiment has clearly turned positive, which is reflected in the record levels that key stock indices have reached over the quarter. Expectations of policy reforms from the new government remain high. A number of measures to make the country more attractive for foreign investment are also expected. Such measures if adopted are likely to have a cascading effect on the country’s real estate markets. However, the challenges facing the economy remain significant, not least of which include the current high level of inflation.
Source : DTZ (Groupe UGL)