Property market resists subdued economic environment

Analysts at Stockbrokers Botswana say despite operating in a stiff economic environment, the local property market has remained resilient and showed signs of recovery from the shock caused by the COVID-19 pandemic.

“The fourth quarter of 2022 saw the recovery of the residential market sales after peak inflation was reached in the third quarter,” Stockbrokers analysts said. “The recovery of the property market is expected to continue as inflation estimates are expected to go down every quarter in 2023.”