• First half of 2021 for Real Estate market was slow.
• This is due to the Covid-19 that the country experienced.
• There was a bit of hesitance in terms of transactions.

A Real Estate Expert says the Real Estate market was slow in the first half of 2021 owing to the Covid-19 pandemic.
Speaking in an interview with Money FM News, Chisebwe Fumbeshi noted that close to the half mark, people were a bit hesitant to make transactions because most of them were waiting to see the direction that the new regime will take.
Mr. Fumbeshi, who is also Fairworld Properties Chief Executive Officer, however said people that were still transacting during the period under review, mainly came from the new property owners as well as those that wanted to have a retirement home.
“The first half of 2021 for the Real Estate market has seen a slow market, low to medium because of the Covid-19 that the country experienced, and also as we got close to the half mark we find that there was a bit of hesitance in terms of transactions because people were waiting to see the direction that the new government shall take.”
“However, we saw that those that were still transacting mainly came from the new owners and then also from that wanted to have a home maybe for retirement home or something that they can live in as a family,” Mr. Fumbeshi noted.