Property sector yet to pick up amidst shifting consumer preferences and pennywise tenants – Knight Frank report
Marc du Toit (left) and Judy Rugasira Kyanda, the Knight Frank Uganda, Head of Retail and Managing Director respectively, at the release of the H2 2020 Kampala Market Update Report. Knight Frank reports that while the sector is still optimistic of a post-2021 recovery, it is still reeling from the shocks a near-total lockdown in the first half of 2020. Recovery is pegged on the acquisition and faster rollout of the Covid-19 vaccine. Courtesy photo
Although the economy is slowly unravelling from the effects of the Covid-19 lockdowns that characterised much of H1 2020, the property sector is yet to pick up and is still reeling from the drag-on effects on both the demand and supply side across all the four sub-sectors of the industry.
This is according to the Knight Frank H2 2020 Kampala Market Update Report which reveals that the pro
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