Press Properties has noted that the Reserve Bank of Malawi’s lowered lending rates will positively affect property ownership firms.

Press Properties Limited General Manager Martin Chimangeni noted that estate developers would realize better returns with lower lending rates, as low mortgage rates would reduce takeovers that have been so evident in the past years.

Since RBM revised the policy rate, the development benefited commercial banks. With Press Properties outlining how familiar firms will benefit too, businesses can only hope the policy rate lowers.