Business Daily | by Ruth Nyasinga
Following onset of Covid-19 scourge and subsequent lockdowns vacant offices, empty shopping malls and supermarkets, restaurants, silent bars, and closure of learning institutions became symbols of social distancing.
These measures had a significant economic impact across the nation due to reduced productivity and as a result, the real estate sector was badly hit.
The outbreak of the pandemic led to an immediate reduction of the labour force and disruption of supply chains, which subsequently translated to longer development periods. In addition, construction activities were cut as a measure to reserve cash at a time when market liquidity was likely to reduce…
