Despite the subdued economic environment, the Botswana property market remains resilient and is showing signs of recovery from COVID-19 pandemic shocks amid growing levels of unemployment in Botswana, a report by Stockbrokers Botswana has shown.
Bongani Mabhena, the Research Analyst at the firm, expects the recovery of the property market to continue as inflation is expected to go down every quarter in 2023. Statistics Botswana indicates that headline inflation fell from 9.9 percent in March to 7.9 percent in April 2023 but remained above the Bank of Botswana’s (BoB) medium-term objective range of 3 – 6 percent and lower than the 9.6 percent in April 2022. On a quarterly basis, inflation decreased from an average of 12.6 percent in Q4 2022 to 9.4 percent during Q1 2023. The central bank projects that inflation will revert within its target band by Q2 2024.
This content is locked
This Is Premium Content. Subscribe or Login To Unlock The Content!
