Residential Market Remains Weak

Monday, September 17, 2018

No more appetite for residential property

Appetite for residential houses in areas around Gaborone has declined in the first quarter of 2018 with prices ranging between 10 to 20% lower than the valuations.

According to the latest Monetary Policy report, residential property sales in areas adjacent to Gaborone such as Mogoditshane, Gabane, Oodi and Modipane has showed weaker demand.

“Overall the average price for residential property sold in the first quarter of 2018 decreased by 2.5 percent to P765, 000 compared to the previous quarter,” read the report

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