The Surveyors Institute of Malawi (SIM) has said players in the real estate sector will be affected differently by the recent 44 percent devaluation of the Kwacha.

Monetary authorities are touting the tightening of policy rate on easing inflation which dropped 0.2 percentage points in third quarter to 28.2 percent.

The Reserve Bank of Malawi (RBM) on Wednesday, 8th November, 2023 announced that the exchange rate of the Malawi Kwacha has been adjusted from the selling rate of MWK1180.29 to a selling rate of MWK1700.00 to the US Dollar, promptly plunging already troubled Malawians into despair as they expect, among other consequent pains, prices of commodities to inevitably rise.

Headline inflation— the rate at which commodity prices change in an economy at a given period—went down in June to 27.3 percent from 29.2 percent in the preceding month, thanks to an ease in food prices.