December 22, 2024
AN advertisement that appeared on the prime pages of mainstream newspapers this week showed clusters of exclusive properties that have been constructed by FBC Building Society, in Harare. The residential properties in Glaudina and Waterfalls are among several that have recently been completed through private sector-led initiatives to…
FINANCE and Economic Development Minister, Patrick Chinamasa, issued a stern warning last week to construction companies eyeing business opportunities in Zimbabwe not to suffocate local cement firms by resorting to imports from South Africa. The practice must “stop”, warned Chinamasa. He declared that government takes a “dim view”…
BULAWAYO — Property market players have hinted that rentals for both residential and commercial units could remain subdued until the end of the year as cash strapped tenants battle to pay up, while companies close. The industry has blamed the liquidity crisis rattling the markets for the gloom…
PEOPLE in the lower strata of Zimbabwe’s social pyramid will continue to struggle raising funding for housing even after government came up with incentives to attract investors for the property market, analysts have warned. With most workers earning far below the poverty datum line, and thousands more losing…
There is an increase in housing development finance schemes in the country despite the prevailing liquidity challenges in the economy. Quite a number of banks, building societies, insurance and pension funds, and property companies are in one way or another constructing residential property which is commendable for the…
BULAWAYO —Mayor Martin Moyo, has indicated that owing to financial constraints, pre-selling of residential stands in order to finance their development is at the moment the only way the local authority can provide accommodation to its residents. The second largest city’s housing waiting list currently stands at over…
BULAWAYO — Bricks producer, Radar, has said it expects improved demand for bricks before June this year after subdued demand during the rainy season. The opinion is shared by the country’s cement producers PPC Zimbabwe and Lafarge Zimbabwe, who recently said they anticipated growth in the construction sector…
THE mortgage drought that has hit the property market has affected uptake of stands at Zimre Park Masvingo, a housing development project being undertaken by Zimre Property Investment (ZPI), the firm said in an analysis of the project. The number of people requiring housing in Zimbabwe has been…
ZB Financial Holdings Limited, the diversified financial services concern with interests in commercial banking, insurance and other products, says it has joined efforts to improve the provision of housing in Zimbabwe. The group said in its recent financial statement that it would construct properties on its land banks…
PLUMBING and building materials supplier, Turnall Holdings Limited, which last week reported a marginal rise in turnover for the year ended December 31, 2013, says subdued demand in Zimbabwe, where disposable incomes have been wiped by a prolonged liquidity crisis, hit volumes and revenue during the review period.…
