Zimbabwe:The New Property Hotspot?

Yes I really mean it. You maybe asking why.

While it is true that Zimbabwe is not exactly stable, that doesn’t mean there isn’t money to be made. In the past five years, property prices there have more than doubled.Indeed, the smart money is getting in already. The market in Harare, where a two-bed flat goes for around $35million is the busiest its been in years.The market is going form strength to strenght even in real tearms. In 2001 you could buy a home in Mabelreign for around $4million (around £10 000) but bot any more. you need to fork out around £20 000 now which means even in really terms prices are rocketing.

Yes this may be a little suprise but Zimbabwe is full of suprise. In case you do not kno but the Zimbabwe Stock Exchange is the 2nd best perfoming in the world. Another statistics for you to ponder.

If you are waiting for the economy to stabilise before you buy your mansion forget it. Why, because prices will just go fly high, as it is Zimbabwe property prices are among the lowest. My advise is get on the property ladder now.



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This entry was posted on Wednesday, August 30th, 2006 and is filed under Property.

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