PRICES of property materials are expected to remain high during the third quarter due to high financing cost, financial service company Old Mutual has said. In its portfolio manager’s report for the second quarter, Old Mutual Securities (OMSEC) said the property sector was facing low demand in the housing market and property-related fixed assets due to high rentals and building costs. While returns on properties exceed inflation and other investment vehicles, few in Zimbabwe consider buying a property as an investment beyond securing a family home due to the costs. There is also a small mortgage market in Zimbabwe, resulting in stunted growth in the construction industry as many do not qualify for loans. The high costs to return ratio,…