Zimbabwe property market characterised by a high demand and low supply | IOL Business Report

  • 📰 IOL
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Zimbabwe property market characterised by a high demand and low supply

Patience Patongamwoyo, Seeff Principal in Zimbabwe, said that in the pre-dollarisation era the main buyers of real estate property in Zimbabwe were those in the diaspora and a few locals who had access to the USD as the local properties had become relatively cheap in real terms.

In the past three years we have also seen residential, industrial and commercial investment from the Chinese business people due to the Government`s look-east policy”. In low density areas such as Harare North the entry value is $130000 to acquire a two bedroom garden flat. Like in the case of South Africa there is a high demand for security estates in Zimbabwe. These estates are mostly located in the Harare North area, but some are also being developed in medium to low density areas where there is access to municipal sewer connection.

Patongamwoyo concludes that there are also buy to let opportunities available mainly in the medium to low density areas, but it is mostly financial houses that are buying finished complexes or buying land and constructing complexes themselves and then letting them out.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 46. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Former AYO exec Nodwele testifies before #PICInquiry | IOL Business ReportNodwele gave evidence in front of retired Judge Lex Mpati, about his version of events that led to his resignation at AYO.
Fonte: IOL - 🏆 46. / 51 Consulte Mais informação »

Former AYO exec Nodwele testifies before #PICInquiry | IOL Business ReportPICInquiry: In another message to IqbalSurve, former AYO executive Simphiwe Nodwele says: “Hi Doc, hope you are enjoying the long weekend. How are you keeping up with all this bullshit? I would have a few body bags by now.”
Fonte: IOL - 🏆 46. / 51 Consulte Mais informação »

SA consumers embrace digital shopping | IOL Business ReportSmartphones have become the go-to technology for online shopping, with more than 20% of South African consumers using them weekly.
Fonte: IOL - 🏆 46. / 51 Consulte Mais informação »

World’s second largest refrigeration plant to open at OR Tambo Airport | IOL Business ReportApril 2019 will mark the opening of the world’s second largest refrigeration plant and the biggest food processing operation ...
Fonte: IOL - 🏆 46. / 51 Consulte Mais informação »

‘Load shedding eroding attempts to cut data costs’ | IOL Business ReportThe Competition Commission this month said it intended to release its provisional report into its inquiry into data prices by the end of this month.
Fonte: IOL - 🏆 46. / 51 Consulte Mais informação »

#PICInquiry: Asset manager indicated resistance to BT deal | IOL Business ReportDr Iqbal Survé, when making his submission to the commission said this was conveyed to the company by former AYO executive, Kevin Hardy.
Fonte: IOL - 🏆 46. / 51 Consulte Mais informação »

#PICInquiry: Iqbal Survé slams SA’s BEE model as a farce | IOL Business ReportDr Iqbal Survé, the chairman of Sekunjalo Group, has slammed South Africa’s black economic empowerment model, saying it is fundamentally flawed busrep After BEE -ing 'Surve-d' nicely, now how convenient of Iqbal to label BEE a farce.
Fonte: IOL - 🏆 46. / 51 Consulte Mais informação »

PIC’s investment strategy 'racist' - Dr Survé | IOL Business ReportDr Iqbal Survé told the Mpati Commission that PIC's investment strategy is racist and favours white-owned and controlled ... busrep I don't know him. I just know his name. Listening to him in this PIC Inquiry. I'm impressed
Fonte: IOL - 🏆 46. / 51 Consulte Mais informação »

Investment by PIC into AYO remains viable | IOL Business ReportPIC into AYO was a viable investment and remains a viable investment, the PIC Commission of Inquiry was told on Tuesday.
Fonte: IOL - 🏆 46. / 51 Consulte Mais informação »