DESPITE the economic uncertainty surrounding the introduction of Zimbabwe Gold (ZiG) in the first quarter of 2024, property fund Tigere REIT reported that the property sector remained resilient.
“The sector has generally remained insulated from prevailing currency headwinds owing to its forex-based income generating ability,” Tigere said in its trading update.
Tigere noted that the property market’s ability to generate foreign currency revenue has been a key factor in its resilience.