[Source: Business Daily, by Elizabeth Kivuva]
Real estate investors have reported double-digit losses in income as the Covid-19 pandemic keeps rent prices low and causes poor uptake of space, a report by realtor Knight Frank shows.
Hospitality, retail and health centres have been the most affected assets, posting 50.5 percent, 41.4 percent and 26.7 percent drop respectively in income in the 12 months to April.
Others such as office and manufacturing properties posted 19.54 percent and 16.97 percent declines respectively. On the other hand, those renting…
