THE National Property Information Centre (Napic) is expecting a soft upturn in the property market in the second half of 2021, with recovery primarily dependent on the country’s economic and financial outlook.
In its Annual Market Report 2020, which was officially launched earlier this week, Napic says the availability and rollout of the Covid-19 vaccine throughout the country will play a fundamental role in determining the economy’s growth trajectory.
“This will help boost business confidence, household sentiment as well as the general economy, ” it says.
A property analyst concurs, saying that the property market will, as always, be driven by the residential sub-sector.
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