The real estate of Zimbabwe might stay under the influence of the Covid-19 epidemic much longer than expected. As per the analysts, Commercial as well as residential occupants, are being affected by the pandemic wave. The extensive impact of global lockdown has pushed the sub-merged economy further into the deep sea as commerce was already struggling due to the instability of the economy and fluctuation...
The managing director of Rhuwa Property, Bigman Zvavandanga, stated that the sudden interest in investment by healthcare workers in real estate had raised the sector economically. Despite the COVID-19 breakout, while all the sectors are suffering, Zimbabwe's real estate is heading forward. According to the managing director, the last few months were not in favor of real estate as the country was facing...
From senior reporter Vusumuzi Dube The Estate Agents Council has blacklisted 79 Estate agents not to be officially registered at the council for most. In some cases, the entities/individuals are not registering the proper account. In a public statement, the Estate Agents Council also notified the people to beware of dealing with these blacklisted entities further that the Compensation Fund and the...
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 simply a delayed response by the sector. The inflation rate has been reaching new heights in...
Although South Africa recently announced the borders to be opened, especially Beitbridge, Zimbabwe kept borders shut following the government's regulations for lockdown still in place. Traders' cross border showed excitement upon learning about the reopening of South African borders, and the Beitbridge post, for travelers and tourists. South Africa allowed Beitbridge Post to be opened, including the...
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 in buying capacity...
Zimbabwe's government plans to grant 750 hectares as the town is expanding, ultimately giving Chiredzi municipal status in the next three years. The reconditioning of a fraction of the farm, i.e., Buffalo Range, will be starting soon. While the valley growing sugar cane lies at the center of cane fields at Estates Valley of Hippo is dealing with the lack of land expansion, poking the government...
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 create a real estate agency was made after...
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