GOVERNMENT has promised to create a more efficient and transparent real estate market, while protecting property rights.
Government hopes to implement stricter regulations and improve the availability of information to ensure fair competition for all stakeholders in the property market.
Speaking at the launch of Platinum Properties in Harare on Wednesday, Justice, Legal and Parliamentary Affairs permanent secretary Vimbai Nyemba said: “The assurance of property rights grants individuals not only security and stability, but is also pivotal in drawing foreign investment and stimulating economic expansion.
“We believe that protecting property rights is vital for a favourable business environment and citizen’s welfare. Such rights enable economic growth, social stability and wealth creation. We oppose any attempts to compromise these rights. They are the foundation of a prosperous economy and a thriving society.”
Nyemba said by safeguarding individual ownership and control of assets, government would promote economic progress and improve the quality of life.
“We are simplifying land title registration and raising public awareness about these rights. Fostering innovation and embracing modern technologies can further enhance the efficiency and transparency of real estate transactions,” Nyemba said, noting that “any attempts to obstruct this process” would face legal consequences.
“By protecting property rights, we are not merely safeguarding the assets of individuals and businesses, but also nurturing innovation and economic expansion in our nation.”
Platinum Properties managing director Anthony Mackintosh said the property firm was a new baby on the market, having started operating in June this year.
- Govt commits to protecting property rights
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“I believe Platinum through time will prove itself to be one of the major players in the property market in Zimbabwe,” he said.
“We specialise in residential, commercial and industrial properties, including holiday resorts in destinations (areas) such as Nyanga, Kariba, Vic Falls. We also do townhouses and clusters, in terms of selling them on behalf of the property developers.”
Platinum Properties director (principal registered estate agent) Evelyn Mbundire said they envision to modernise their processes to create digitally enabled services and ensuring we make realty dreams a reality.
“Our mission is to be the leading, adaptive and evolving real estate company, consistently delivering superior service and returns to our clients through creative thinking, leadership, initiative, respect and passion,” she said.
“We have been working on critical projects to improve service delivery, to conquer the most human element (i.e, ‘stress’), in real estate transactions through the use of AI [artificial intelligence], enhance organisational capacity and foster real estate industry compliance.”
