Rents in crisis-ridden Zimbabwe have shot up by as much as 1 500 percent since the authorities announced a record new inflation figure last week, it was reported on Sunday.

Landlords are now demanding a host of other payments, including toilet rolls, groceries and compulsory dress codes, the state- controlled Sunday Mail newspaper said.

Inflation has been on a relentless upward climb in

Zimbabwe since the turn of the century, linked, critics say, to President Robert Mugabe’s controversial policies including his programme of white land seizures.

Last week the Central Statistical Office said the figure had reached 3 714 percent.

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Wanted: Complete stranger to buy house with. This maybe something you have not seen but that’s one of the newest buying concept where you can buy a home with a complete stranger if you cant afford to buy on your own. Strange as it may sound, the idea is just borrowed from the fact you can look for romance or partner online but why not a mortgage sharer.

As prices of properties continue to skyrocket beyond the reach of many in Zimbabwe, the idea would me for people who want to buy properties to put their resources together and buy a house. Not everyone has partners, relatives or friends that they can buy a house with.

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Zimbabwe’s spectacular property price growth of the last four years, which has seen the average house price rise from around $7 million in 2001 to nearly $50+million today, has stretched many home buyers’ budgets to the limit.

It has also made it increasingly difficult for them to buy according to the almost hackneyed real estate advice of “location, location, location”. But, while buying in one of the country’s hotspots might be beyond many budgets right now, a longer term approach could pave the way to being able to afford to live in a dream area in the not-too-distant future.

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A story apperead in today’s Herald about a doctors who was illegally charging his property in forex. Under the exchage control act it is illegal. The sentencing is tomorrow, so I will let you know what he gets for that. I know it is enticing to charge rentals in forex and its happening. Even some sellers are only accpeting offers from people buying with forex. i can understand why they prefer it that way esp of fellow Zimbabweans abroad who would want to repatriate their funds.

So a word of warning from me. Here is the extract from the Herald

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The property market is getting depressed in most places. Now South Africa which has exprienced a boom in propoerty prices is starting to feel the pinch.

“House price growth peaked at more than 35% near the end of 2004 and has been declining ever since as property became relatively expensive and demand dropped off.”

Its not just SA suffering, Austrailia too is expriencing negative equity. First to loose out was Sydney and now Brisbane is expriencing negative equity. America is also reeling with prices falling.

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Damn it, an ever so slightly frightening combination of toilet, power-bidet and hot-air arse-dryer, is “at the forefront of a new trend… the solution for the bathroom of today and tomorrow”. It pulsates, oscillates, wall-hangs, and features a four-person memory, so it’ll catch, pitch and blow you just the way you like it.

One for you to order for your home!

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Mobile Homes sometimes known in the UK as park homes, these are prefabricated in a factory ready to be delivered and all you need is a patch of land to just put the complete house on. With Operation Murambatsina still on our minds, this would have been a good alternative. ou would simply leave with your home off the back of a lorry.

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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.

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“Location, location, location,” is a common and almost hackneyed phrase in property literature. Your agent may even throw it at you when you ask for advice about buying a home. However, what does “location, location, location,” actually mean? Why repeat it three times?
Mostly, “location” is repeated to emphasise that it is extremely important to the resale value of your home. The idea is to buy a house that will appeal to the largest number of potential future homebuyers. A careful choice of location can minimise potential negative influences on future resale value, and maximize positive influences. Remember you can change the look of your house but you can never change the location. I will give you an example to explain it. Would you buy a nice home in very good condition in Highfield or would you buy a dilapidated home in Mabelreign. There are several factors you need to consider

Buying a Home With Resale Value
Focusing on resale value requires you to make several different “location” choices. The first choice you have to make is “which community?” At the very least, you should narrow your choice down to just a few local suburbs.
Before you can actually pick out a house, you need to choose what communities you would like to live in. There are many factors you should pay attention to, not only for yourself, but because you intend to eventually sell the home to someone else. Carefully choosing your community is the first step in “location, location, location” and can help maximize your future potential resale value. Yes you have chosen Harare but where do you want to buy.
Economic Stability
You may be asking what stability I am talking about when inflation is around 900%. When choosing a community for your purchase, it makes the most sense to buy in an area with a viable and stable economy. Five, ten, or even fifteen years from now – when you want to sell your home – you can have a reasonable expectation that your community will still be a desirable place to live. Remember there are places which can be hits now and people don’t want to live there in a few more years. One are like this is Zimre Park. It was an instant hit and talk on people‘s mouth but how does Zimre park fare today. Well not as it used to. Crime has been a major issue and as you know there are virtually no street lights too. The market has totally changed of who would like to live in Zimre Park now

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Guerrilla Marketing, is defined as unconventional way of performing promotional activities on a very low budget. Such promotions are sometimes designed so that the target audience is left unaware they have been marketed to and may therefore be a form of undercover marketing.

I couldn’t help but notice discussion about this American Owner, with the “For Sale” sign draped over a home that was located just over along a busy road. You can’t miss it. Clever marketing I thought

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