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Landlords in high-end estates count losses as rents now decline

Landlords in high-end estates are counting losses as effects of the spread of the Covid-19 pandemic continues to erode rental earnings.

According to the latest Hass Consult Property Index, rent income from high-end estates such as Runda, Spring Valley, Loresho, Kitisuru and Lavington fell marginally in the first quarter of this year, with analysts warning the worst is yet to come.

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