The Insurance and Pensions Commission (IPEC) says with inflation rising, institutions have put 52% of their investments into property.
The IPEC adds that this is 5 times higher than the regional average.
This is coming at the time the local currency Zimdollar is losing its purchasing power on a daily basis.
Apparently, the Inter-Horizon Group, a proudly Zimbabwean home grown financial services boutique firm that offers brokerage (IH Securities) and advisory services (IH Advisory) warns that local institutions have over-invested in property.
Adding that the concentration risk in real estate creates clear sector-wide risk.
Source Zwnews
