Fairworld Properties Reacts to Bank of Zambia’s Monetary Policy Rate Increase
Fairworld Properties, a prominent Zambian real estate advisory firm, has weighed in on the recent decision by the Bank of Zambia to raise the Monetary Policy Rate (MPR) to 13.5%. This move, aimed at curbing inflation and promoting economic stability, has sparked discussions within the real estate investment sphere.
Chisebwe Fumbeshi, CEO of Fairworld Properties, shared insights on the central bank’s decision, noting its potential impact on the real estate market. “The uptick in the MPR is expected to translate into higher borrowing costs, which could temporarily slow down real estate transactions,” Fumbeshi stated.
However, he emphasized the significance of economic stability, highlighting its role in fostering sustainable growth and creating a conducive environment for investment over the long term.
Drawing on the firm’s extensive experience spanning more than two decades, Fumbeshi underscored the importance of adapting investment strategies to align with evolving economic conditions.
“We understand that economic stability is paramount for robust real estate investment,” he remarked, affirming Fairworld Properties’ readiness to assist clients in navigating the changing landscape with confidence.
Fairworld Properties reiterated its commitment to providing strategic guidance and expert property solutions to stakeholders, emphasizing its dedication to maximizing investment outcomes amidst the current economic adjustments.
The Bank of Zambia’s decision to raise the Monetary Policy Rate by 100 basis points reflects ongoing efforts to address economic challenges and maintain stability in the financial system.
Fumbeshi emphasized the need for stakeholders to remain vigilant and proactive in response to these developments, ensuring resilience and adaptability in the face of changing economic conditions.
