|
|
Select a year
News Search
RE/MAX EXPANDS INTO ZIMBABWEThe signing of RE/MAX Realty Centre franchise, which operates out of Harare, Zimbabwe, has catapulted the RE/MAX footprint into 82 countries around the globe. Rutendo Rutendo, Broker/Owner of RE/MAX Realty Centre, says that while their offices are based in Harare, they aim to operate nationally, especially considering the fact that the Zimbabwe property market is experiencing a huge uptick in activity with many interested buyers looking to find their perfect home. This, says Rutendo, is exceptionally positive coming from an adverse environment where the monetary transition to the US Dollar last year was a big shift for the people of Zimbabwe who had to adjust their income accordingly. He says that as with the South African market, the lack of mortgage finance also served to hamper the Zimbabwean property market's performance, but that the gradual return of finance has stimulated activity once more. While Rutendo is anticipating good trading conditions in 2010 and has already seen an increase in property transactions, affordability, he says, will continue to be a challenge. Properties that fall within the higher density zones are the most affordable in the Zimbabwean property market, selling between USD 10 000 and USD 15 000 upwards. Here properties usually consist of two- or three-bedroom apartments with a relatively small floor area. For USD 60 000 and more, buyers can purchase a two- or three-bedroom home in a medium density area. "As incomes improve, more loans are advanced and there is more activity in these areas across the board. As always," says Rutendo, "location determines the property price." An acre of land with a home consisting of three or four bedrooms, a lounge, dining room, swimming pool and security in low density areas, such as the northern suburbs of Harare, can be purchased from around USD 200 000. Peter Gilmour, Chairman of RE/MAX of Southern Africa said that the signing of this particular franchise was a momentous occasion as it solidified the positioning of RE/MAX as one of the strongest international real estate brands in the world. Rutendo is excited to be taking the RE/MAX brand into Zimbabwe, a move which he is sure will result in him attracting the best agents in the country - even from other real estate companies. "It is an honour to be part of such as well known, international real estate brand that offers the best in training, technology and excellent systems," he says. Adrian Goslett, CEO of RE/MAX of Southern Africa, is proud to have RE/MAX showcased in Zimbabwe and looks forward to RE/MAX becoming the preferred real estate brand in that country.
|
||||||||||||||||||||||||||||||