‘Property sector subdued’
The property sector is subdued due to the illiquid conditions and harsh operating environment which has spawned increasing levels of rental defaults, market players have said.
DEMAND for industrial space continues to decline on the back of subdued economic performance while retail space demand has remained high as the country becomes a net importer, an international property firm has said.
Public procurement can make a major impact on national economy.
ZIMBABWE’S largest building society by assets and market share, CABS, has since August 2010 approved $101 million housing developments projects
CLOSE to 1 000 prospective property owners have lost their stands after Pinnacle Property Holdings terminated their contracts.
FASHIONS come and go, but the home designs that make people feel good really don’t change.
BRICKMAKING firm, Willdale, narrowed its loss for the full year ended September 30 to $0,9 million as results of a turnaround strategy adopted last July began to bear fruit.
EQUITY Properties (Private) Limited is offering individuals and corporates whose deposits were trapped in Interfin Bank an opportunity to liquidate their balances by acquiring residential stands at an upmarket suburb being developed by the property development firm in the capital, Harare.
EQUITY Properties (Private) Limited is offering individuals and corporates whose deposits were trapped in Interfin Bank an opportunity to liquidate their balances by acquiring residential stands at an upmarket suburb being developed by the property development firm in the capital, Harare.
The Estate Agents Council (EAC) is creating a database aimed at blacklisting bad tenants. The database is expected to go a long way in safeguarding property owners against the bad tenants. The financial services sector has mooted the setting up of a credit bureau, as it seeks ways of reducing the vulnerability of banks to […]
Property firm Pearl Properties posted an increase in rental income of 9,91% for the four months to April 2012 compared to December 31 2011. Rental income for the group stood at $2,8 million for the four months under review compared to $2,55 million in December 2011, indicating a variance of 1,21% from the budgeted $2 […]
The Estate Agents’ Council (EAC) says lack of significant mortgage lending is curtailing recovery of the property sector and predicts an upsurge in the number of properties that will be auctioned if market situation persists. EAC chairperson Oswald Nyakunika said the association is hoping revenue from diamonds will find its way into the mainstream economy […]
The Estate Agents’ Council (EAC) says lack of significant mortgage lending is curtailing recovery of the property sector and predicts an upsurge in the number of properties that will be auctioned if market situation persists. EAC chairperson Oswald Nyakunika said the association is hoping revenue from diamonds will find its way into the mainstream economy […]
The Estate Agents’ Council (EAC) says lack of significant mortgage lending is curtailing recovery of the property sector and predicts an upsurge in the number of properties that will be auctioned if market situation persists. EAC chairperson Oswald Nyakunika said the association is hoping revenue from diamonds will find its way into the mainstream economy […]
The Rawson Property group’s expansion programme has taken a quantum leap forward with the establishment of their first franchise beyond South Africa’s borders. Tony Clarke, managing director of Rawson Properties, has signed an agreement with RM-Africa Property Consultants to set up a residential property franchise in Zimbabwe. Richard Matengambiri, RM-Africa’s MD, said it might surprise […]
The Rawson Property group’s expansion programme has taken a quantum leap forward with the establishment of their first franchise beyond South Africa’s borders. Tony Clarke, managing director of Rawson Properties, has signed an agreement with RM-Africa Property Consultants to set up a residential property franchise in Zimbabwe. Richard Matengambiri, RM-Africa’s MD, said it might surprise […]
The Rawson Property group’s expansion programme has taken a quantum leap forward with the establishment of their first franchise beyond South Africa’s borders. Tony Clarke, managing director of Rawson Properties, has signed an agreement with RM-Africa Property Consultants to set up a residential property franchise in Zimbabwe. Richard Matengambiri, RM-Africa’s MD, said it might surprise […]
At least 120 players have confirmed their participation at the ZimBuild Expo that begins in Harare on Thursday. The expo will be held from September 22 to 25. Infrastructure Development Bank of Zimbabwe (IDBZ) chairperson, Willard Manungo said the ZimBuild Expo presented a platform for players in the sector to dialogue and network. He said […]
The country’s property sector has potential to grow and develop some unique designs that could compete with the best in the world, a visiting architect said on Wednesday. South Africa-based François Marais said Beverly Hills Golf Estate would strive to come up with some unique designs that will stand out among the best. Work on […]
Property development company, Pearl Properties, recorded a rental income of $3,88 million for the six months ended June 30 2011 due to favourable rental negotiations in the period under review. Income for the same period last year stood at $3, 33 million. Speaking at an analysts briefing, Pearl Properties general manager Peddy Chigunduru said the […]
The country’s property sector has remained largely stagnant in recent months owing to liquidity challenges amongst a host of other factors. NewsDay Business Reporter Victoria Mtomba (ND) spoke to Estate Agents’ Council of Zimbabwe chairperson Oswald Nyakunika (ON) about developments in the sector in the first half of the year. ND: How would you describe […]
Pearl Properties is working on twin projects involving the construction of a cluster housing project and refurbishment of a shopping centre in Kamfisa estimated at over $4 million. The housing project is estimated to cost $2,7 million and scheduled to be completed within eight months starting September this year. Speaking at the company’s annual general […]
Pearl Properties is working on twin projects involving the construction of a cluster housing project and refurbishment of a shopping centre in Kamfisa estimated at over $4 million. The housing project is estimated to cost $2,7 million and scheduled to be completed within eight months starting September this year. Speaking at the company’s annual general […]
Brick manufacturing firm Willdale Limited recorded increased revenue inflows in the first six months ending March 31 driven by a strong demand of bricks by individual home developers. Turnover grew by 117% to $1,4 million. The company said despite the growth, it was unable to meet local demand as a result of supply side bottlenecks […]
Tetrad Holdings limited recorded an after-tax loss in the first six months ending March 31 weighed down by a $564 778 loss by Tetrad Investment Bank. Revenues during the period under review increased by 63% to $4,6 million from $2,8 million last year for the half- year ended March 31, despite renewed mild-inflationary pressures emanating […]
Activity on the country’s property market remains subdued two years after the country adopted multicurrency system due to the slow demand of houses and stands in the country, an official has said. In an interview with NewsDay Estate Agency Council chairman Oswald Nyakunika said not much had been happening as a result of a “cash […]
