The Real Estate Institute of Zimbabwe

Occupancy Levels Continue to Decline in CBD

Newsday

OCCUPANCY levels in Harare’s Central Business District (CBD) are averaging between 50% and 90% for commercial and office space, as demand continues to decline due to the dire economic situation, NewsDay has established.

BY TATIRA ZWINOIRA

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Liquidity crunch bleeds real estate

liquidity

Fidelity Mhlanga

With the Zimbabwean economy reeling from macro-economic challenges such as the current liquidity crunch and hostile investment policies, companies are shutting down with thousands of workers losing their jobs at an alarming rate.

Zimbabwe Independent business reporter Fidelity Mhlanga (FM) this week spoke to Real Estate Institute of Zimbabwe president Siza Masuku (SM) on how real estate sector is faring. Find excerpts of the interview below:

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