Although foreign property markets have benefitted from international sporting events in the past, property experts say the timing of the World Cup is not ideal.A recent survey by the property portal propertygenie.co.za showed that 41 percent of the respondents are of the opinion that the event will boost…

“The FNB Quick Sell Plan (QSP) enables distressed homeowners to sell their properties — voluntarily — in the shortest possible time and to move forward, clear of a debt burden that they can no longer service. “It greatly reduces the time and expense of the usual recovery processes,”…

A greater proportion of the land — all of which was initially earmarked for residential and commercial development — will be let out for urban farming activities.The flat construction project, however, faces funding constraints, particularly the procurement of building materials, since building societies in the country are only…

The motivation for the proposal was to allow such entities to avoid the payment of annual duties.David Warneke, a tax specialist and partner at Cameron and Prentice Chartered Accountants, explains that although similar relief was previously available, where the residence had to be acquired out of the company…

Sources within CBZ Building Society, the country’s second largest lender by assets, said the credit is essentially 90-day working capital for property renovations, home improvements and for completing building projects under construction.The building society is providing a minimum of US$500  up to US$25 000 at an interest rate…

Nine years of relentless economic crisis have seen the stagnation in commercial property development creating new opportunities for private developers. Sibusisiwe Ndhlovu, Afre's chief operating officer, said Pearl Properties' construction deal with TM Supermarkets showed its interest in the sector and therefore marked a crucial entry point for…

The High Court, which on May 12  this year served CBZ with summons to file an appearance to defend, is expected to set a date for the hearing soon.Although the diversified banking group, through its lawyers, Chiham-bakwo, Mutizwa and Partners, indicated its intention to defend the matter, it…

Harare mayor Much-adeyi Masunda said Prince Charles’s office expressed willingness to assist the council with the projects following a tour recently by the city fathers in the company of a high ranking envoy from the Prince of Wales.The Prince’s representative, whom the Mayor refused to name, was in…

There was, however, an encouraging trend as the drop was mostly in the residential sector while there was an increase in industrial and commercial development.Figures released by the council show that 219 development plans valued at R28,5 million were approved by the council in February compared to 128…

The luxurious mansion has failed to attract tenants after the incumbent Mayor Muchadeyi Masunda declined to occupy it.Last year, city fathers said the mansion would be rented out or turned into a guest house, but the massive structure has remained unoccupied.Masunda, who says the structure is ostentatious, refused…