Decrease and increase in rental prices dictated by economic climateWritten by Rodney Pienaar on 20 July 2021.
WINDHOEK, 20 JUL (NAMPA) – Local economist, Dr Omu Kakujaha-Matundu said due to the ongoing COVID-19 pandemic, the decrease and increase of rental prices are dictated by the economic climate.
In an interview with Nampa, Kakujaha-Matundu said an economic downturn will lead to depressed rental prices, and sometimes with devastating effects on the real estate business.
“Real estate owners owe financial institutions money, which they should pay whether they make good money or not. Should their income become t ...