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Voids reflect nature of environment – Old Mutual

THE local unit of Old Mutual Plc said the increase in property voids reflect the nature of the country’s environment which was presently unstable. (more…)

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May 7, 2015

Property

High Court sanctions PG Industries’ scheme of arrangement

BUILDING materials group, PG Industries, has had its scheme of arrangement sanctioned by the High Court, paving way for the company to unlock fresh capital to revive its operations. (more…)

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April 30, 2015

Property

Rental defaults distress property market

AN increasing number of tenants are failing to pay rentals due to the worsening liquidity crunch and joblessness, while others are re-negotiating existing contracts for downward rental reviews, a real estate concern has said. (more…)

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April 23, 2015

Property

Real estate: Moving the industry from offline to online

AFTER working hard in college and it finally pays off as you have secured your first job. The excitement is inexplicable, and just as you had planned, you can finally move out and get a place of your own. (more…)

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April 23, 2015

Companies & Markets

Property sales hit by mortgage drought

THE mortgage drought that has hit the property market has affected uptake of residential stands, according to financial results of listed property counters just released. The number of people requiring housing in Zimbabwe has been growing, with estimates indicating that the housing backlog reached 1,3 million last year.…

April 16, 2015

Property

ZPI targets leisure properties

ZIMRE Property Investment Limited (ZPI) has swooped on a lakeside lodge in the resort town of Kariba, splashing US$270 000 on the asset as it diversifies its revenue profile in response to declining business in the once cash spinning Central Business Districts (CBDs). (more…)

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April 9, 2015

Property

Southview Park 40 percent complete

SERVICING of Fidelity Life Southview Park residential area is expected to be completed this year, with a total of 5 304 stands to become available to the market. (more…)

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April 9, 2015

Property

Radar targets private home developers

RADAR Holdings will target private home developers to increase volumes after revenue for the half year to December 31, 2014 declined by 18 percent to US$3,7 million, from US$4,5 million the previous year, on the back of a 13 percent decline in sales and softening of prices at…

April 2, 2015

Property

ZPI puts properties on sale

ZIMRE Property Investment Limited (ZPI) is to offload a number of commercial properties across major Central Business Districts (CBDs) in response to falling margins triggered by an exodus of tenants. (more…)

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April 2, 2015

Property

RBZ to tighten surveillance on suspicious transactions in the real estate sector

THE Reserve Bank of Zimbabwe (RBZ) says it will soon embark on a process to ensure that players in the real estate sector meet anti-money laundering requirements in order to detect suspicious transactions. (more…)

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March 28, 2015

Monday, 23 December 2024

Property