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Zambia Property Market Outlook - Q1 2016

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Zambia Property Market Outlook - Q1 2016

Uncertainty, power shortages, worse economic data and the national elections on 11 August 2016 continue to dominate the market. GDP growth of 3.6% last year was the lowest for 10 years.

The depreciation of the kwacha by more than 40% in the last two quarters of 2015 severely disrupted the property market, where prime properties traditionally lease in US Dollar based rentals causing real challenges for most tenants and in turn landlords.

Source : Knight Frank

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Keywords : Knight Frank