The auction system of foreign currency by the Zimbabwe Reserve Bank (RBZ) has still not created much activity in the real estate sector and still has a noticeable impact. This was observed by the Real Estate Institute of the country (REIZ). Observers were to respond by blaming it on the economy as a general or […]
Recently, property development and investment organization Mashonaland Holdings Limited published a trading update spanning the first quarter. It established a few problems that were severely limiting the industry of real estate. These conditions have further deteriorated due to the outbreak of the pandemic of Novel Coronavirus. The organization states that the sharp and consistent fall […]
According to a report published in the daily news, the city council of Harare passed a resolution to establish an agency of real estate. The officer of Principal communications, Innocent Ruwende, revealed that all properties belonging to city fathers were audited and consequently a decision was made. Ruwende told the publication that the decision to […]
Real estate sector in Africa has been experimenting an impressive growth. On average, 10,000 accommodations miss each year in most of these countries, and despite some governmental endeavors, the shortfall is still important. According to several studies, African population is going to increase over threefold during the next 40 years. This demographic growth will inevitably […]
A property represents a big financial investment and you have to know something really important before signing the contract. Regional Director and CEO of RE/MAX of Southern Africa Adrian Goslett explains that the most important factor to consider when buying is location. “Most buyers in today’s market will know that location is important, but not […]
The house that we own is probably the most expensive thing we have. But the interesting fact and awkward at the same time is that for the vast majority of us, we don’t really know our property’s value. Denis Quayle, Principal at Harcourts Maynard Burgoyne, has a strong view on this issue. “After all, most […]
First Lady Grace Mugabe seems to have a spending habit. Even though her business empire is incurring perennial losses since 2003, she has spent millions of dollars on cars, houses and jewellery. This is not it. Grace has lately gone on a mission to expand her real estate portfolio and she purchased a US$4,2 million […]
About a year ago, the Zimbabwean authorities introduced a new local currency called “bond notes”, equivalent to the US dollar, after having seen its local dollar currency peaked up to 200+ million percent in the past few years, rendering it totally worthless. This new currency had an impact on the property market in Zimbabwe, as […]
