Maiden property index for Botswana

Yesterday's launch of the Property Performance Report 2011 makes Botswana the second African country to join the IPD's stable of property research, provided in 32 countries around the world. The first African report was for South Africa, launched in the mid-1990s.

Speaking at the launch of the Botswana report, research director at IPD South Africa, Jess Cleland said that Botswana's index stood at 20.9 percent for the year ending December 2011. The index is a performance indicator of investment property market in a country.