Depressed Zimbabwe mortgage market derails Masholds

MASHONALAND Holdings (Masholds) says a depressed mortgage market in Zimbabwe has made acquisition and property development challenging.Advertisements The country is in its second episode of hyperinflation in a decade, which has seen annual inflation breaching 500 percent, and has made the debt market dysfunctional. “Interest rates, ranging from 30 percent to 40 percent, that are…

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