All Entries in the "Property" Category

Zim home owners’ chance to benefit from 2010 World Cup

Home owners in Zimbabwe’s major cities and holiday resorts stand a chance benefit from the 2010 World Cup in the neigjhbouring South Africa by offering accommodation services.
The Zimbabwe Tourism Authority, the board that is spearheading the marketing of services in the country ahead of the World Cup has already started inviting home owners to make [...]

Pinnacle On a Massive Stands Sale

Phillip Chiyangwa owned Pinnacle Properties has embarked on a massive stands sale
The stands being sold include those meant for churches, schools and crèches.
In addition to these stand, the company has also been selling a number of sites for service stations.
Stands meant for service stations are in Harare, Airport Road, Chitungwiza, Chinhoyi, Gweru, Redcliff and Kariba.
Service [...]

Mashonaland Holdings posts US$23Million Loss

Mashonaland Holdings, one of the leading property firms in the country, made a US$23 million loss in the 12 months to September as a result of the impairment on investment properties and equities.
This loss was against a background of a US$2.3 million during the year showing that the company did not generate much in the [...]

Liquidity Crunch increases Rental Payment Failure – Mashonaland Holding

Property firm, Mashonaland Holding, said the depressed operating conditions has seen an increase in the number of customers who have failed to pay rent.
Some have failed to pay rents on time while there has also been a slippaged in occupancy levels.
“As at 30 September 2009, rent arrears were 15 percent of annual turnover while the [...]

Office Rentals Drop

Office rentals have dropped as a result of a glut of open space in many areas in the central business district of Harare.
There has been an increase in vacancies of commercial properties as most companies failed to meet the new US$ denominated rentals.

This, according to the a report by EFE Securities, caused most land owners [...]

What is wrong With Zim Property Market

IS the country’s property really being properly analysed or it is a case of too many mouths?
A recent report by Kingdom Financial Holdings has shown that uncertainty on the direction to which property prices will take in the short to medium term on the local property market has brought indecisiveness.

This is so because buyers and [...]

One of Harare’s Five Star Hotels on Sale?

One of Harare’s five star hotels may be up for grabs, Businesszimbabwe has learnt.
While details are still sketchy, it is understood that LonZim, the investment company formed specifically to look into the property market in Zimbabwe is eyeing a five sta hotel.
A statement posted by LonZim on Thursday confirmed their interest in a five star [...]

Property Market Reports Confusing – Seeff

There have been many contradictory reports about property in the last few months and these have confused a market that is already difficult to analyse, Seeff Properties has said.
Seeff said there were virtually no reliable statistics available on property prices achieved in Zimbabwe.
”However we believe that relying on information on all property in one index [...]

Property Market remains subdued – slight improvement in second quarter

The Property market remained subdued in the third quarter of the year and this is expected to continue until the end of the year. There was a slight improvement though on the performance of the second quarter of the year but there continues to be very low activities.
Activities in the market have shown that sales [...]

Performance of the property market continues to be hazy

The performance of the property market continues to be hazy with the ultimate reflection now pinned on a number of factors. It is still not clear what one may achieve from their properties as the market continues to try and locate its true values.
“Fundamentals have made it clearer now that performance will be determined by [...]