Real Estate

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...

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...

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...

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 go with a strong development...

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 everyone knows what elements make an area a good...

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 of us are working off a bond, so we can give a rough-and-ready estimate that pegs our...

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 plot in the exclusive Helensvale area of Harare’s Borrowdale suburb. The plot was meant...