REAL ESTATE

REAL ESTATE

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Local Private Property Developers say the deliberate move by commercial banks to reduce offering mortgage to fund projects has hampered the goal of setting up cheaper apartments.

According to the developers, the banks are now more skeptical of the loan repayment given the challenging economic times with banks struggling to post profits.

This comes as a local investor launched a 20 unit apartment block in Mbuya last evening.

 

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