Nico Asset Managers says if more resources are channelled towards building capacity in the real estate industry, the sector has potential to boost the Malawi economy.
Infrastructure Development Manager at the advisory firm, Martin Chimangeni, made the observation during a day-long orientation on market trends Nico organised for students studying Land Economics at the University of Malawi’s Polytechnic on Friday.
According to Chimangeni, preparing practitioners for the market realities is the best option to ensure sustained growth of the sector.
“There is untapped potential in these upcoming practitioners who are exposed to a wide range fin formation from the external market. Equipping them with information on market trends would, therefore, work in the best interest of the sector and the economy at large.
Chimangeni further unveiled the firm’s plans to reach out to other colleges and institutions of higher learning to equip students with market skills.
And senior lecturer in the department of Real Estate, Finance and Management at the polytechnic Sane Zuku said the market is relatively volatile and that it still remains a challenge for players to access readily available data on market operations.
“Our market is not transparent, we do not have data available that is open to the public and there is a need to connect important investors,” he said.
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