Residential property market expected to rebound

Bouncing back: High income property prices have been flattening due to the pandemic PIC: BASHI KIKIA
Bouncing back: High income property prices have been flattening due to the pandemic PIC: BASHI KIKIA

Property hunters can expect the residential sales market to recover this year, following a downtrend in prices driven by the COVID-19 pandemic, BusinessWeek has established.

This week, Real Estate Institute of Botswana (REIB) president, Sethebe Manake said the recovery would likely be driven by the hunger for investment, as opportunities are plenty in the market.

“The housing market will remain competitive as there is increased homeownership appetite from the youth and Generation Z,” she said in response to BusinessWeek enquiries. “Demand from these young households will keep the market competitive and fast-paced.”

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