Share:

COVID-19 Impacts on Zambia Real Estate

4/16/2020

Elaine Wilson 
Divisional Director Research 

 

Economy Overview 

There has been reduced production for most of the country's sectors with most companies announcing closure even before the country goes into a lockdown period. The major casualties have been the mines, with two of the country's biggest mines announcing a lockdown with little to no production taking place on site. As a result of reduced production, the country's currency has depreciated by approximately 42% and fears are already looming that this could affect the country's GDP growth potential and further spike inflation. 

Retail Overview 

The retail market has been negatively affected by the COVID-19 pandemic. Cinemas have closed and restaurants have been ordered to operate on a take-away basis. Tenants are reporting reduced turnover as most customers shift their focus to buying essential items in case of a nationwide lockdown. Certain stock is also running low and cannot be replenished due to closed borders. 

 

Office Overview 

The demand for offices has declined as more and more companies are opting to have their workers work on a rotation basis and in some cases, the employees are working from home all together. 

 

RELATED COVID-19 INSIGHT

EMEA Covid (image)
Insights • Economy

COVID-19 Impacts for EMEA Real Estate

As the global pandemic progresses across borders and within countries our EMEA local market research colleagues will share what they are seeing on the ground.
Andrew Phipps • 2/11/2021
New Perspectives (image)
Research • Topical Report

New Perspective: From Pandemic to Performance

As a global leader in the commercial real estate (CRE) industry, Cushman & Wakefield offers clients a new perspective on COVID-19’s impact on CRE and beyond, preparing them for what’s next.
couple with face masks on Milan street
Insights • Economy

COVID-19 Impacts on Italy Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Italy.
Carlo Vanini • 2/24/2021
Rome
Insights • Economy

COVID-19 Impacts on Spain Real Estate

A brief weekly update on the impacts of the COVID-19 pandemic on commercial real estate in Spain, reflecting all our service lines: Offices, Industrial, Capital Markets Group, Retail and Hospitality.
Ramiro Rodríguez • 2/25/2021
Brussels Office Marketbeat
Insights • Economy

COVID-19 Impacts Belgium Real Estate

A brief regular update on the impacts of COVID-19 pandemic on commercial real estate in Belgium.
Cédric Van Meerbeeck • 2/10/2021
Prague, Czech Republic
Insights • Economy

COVID-19 Impacts on Czech Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Czech Republic.
Marie Baláčová • 2/24/2021
Poland
Insights • Economy

COVID-19 Impacts on Poland Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Poland.
Katarzyna Lipka • 2/24/2021
Bratislava, Slovakia
Insights • Economy

COVID-19 Impacts on Slovakia Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Slovakia.
Juraj Bronček • 2/22/2021
Looking out over Buda castle, Budapest
Insights • Economy

COVID-19 Impacts on Hungary Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Hungary.
Orsolya Hegedűs • 2/24/2021
Rue Sainte-Catherine, Bordeaux, France
Insights • Economy

COVID-19 Impacts on French Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in France.
Magali Marton • 2/24/2021
Zhivopisnyy Most, Moscow, Russia
Insights • Economy

COVID-19 Impacts on Russia Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Russia.
Denis Sokolov • 8/19/2020
Covid-19 Germany
Insights • Economy

COVID-19 Impacts on Germany Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Germany.
Ursula-Beate Neisser • 2/24/2021