There are challenges the world over and all countries are in a similar predicament of having to deal withmultifaceted problems. No single standard solution can be applied to eradicate whatever unbearablesituation is before us, and the only way forward lies in small steps taken at various sectorial levels. Solutions are proffered from a position of either financial prowess, technical knowledge and...
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Property valuations act as an independent price discovery tool for both the property buyer and seller. The technical intelligence of a professional valuer will provide buyers with information on the prevailing market trends regarding property prices. To a property seller, property valuation aids in defining the asking price of a property. In Warren Buffett’s simplistic terms, “Price is what you...
The biggest benefit of sustainability reporting to organizations, amongst other things, is self-introspection, with the company asking itself whether what it is doing is worth it. Further benefits include increased transparency, cost optimization, credibility, accountability and improved corporate confidence and reputation. This is why the Security and Exchange (ZSE Listing Requirements) Rules - SI 134...
When the Duchess and book author – Margaret Wolfe Hungerford coined the idiom “Beauty is in the eyes of the beholder”, she broadly defined the perceptive nature of value. Unfortunately, as a real estatepractitioner I can only authoritatively apply the Duchess’ catch phrase to the concept of value creation in real estate. From a technical perspective, a property's value is defined as the present...
Until recently, Environmental Social Governance (ESG) principles have been a tick-box exercise in most developing world economies. In the wake of zoomed globalisation efforts and zapped country-based development agendas due to revolutionary innovations and untenable environmental headwinds, ESG has become a buzzword in Africa. In October 2005, the United Nations Environmental Program Initiative coined...
We continue with our journey of analysing high performing property markets supporting legislativeframeworks. This week we direct our effort to the United Kingdom, a country known in real estate termsas the most transparent in the world, sitting at the pinnacle of the Global Real Estate Transparency Index.Further, we observe, the average price of houses in United Kingdom is around £290,000 as supported...
In 2023, I certainly have not turned into a fortune teller. Prophet or crystal gazer in my efforts to give you insights on the real estate industry in 2023. The past and present always have a way of telling us what the future holds. Having made a decision to unravel the obvious, I will use the key frequently asked questionsmethod to enhance our understanding of Zimbabwe’s real estate in 2023. Is the...
“People tell me this is obvious, but it’s ok to be obvious. Knowing and doing are different. Many peopleknow many obvious things they completely fail to do despite their knowledge”, Scott Berkum. Theobservation is so real in personal property investment as decisions are made based on emotions thanthe voice of reason. While obvious that one needs to plan, research, engage experts, pay fair...
The question frequently asked is “should I buy a stand, build my dream home or buy one and renovate”.This is no contest as there is no right or wrong answer. A fact of life is choices are made based on personal circumstances as such there is no one size fits all package. I will share the pros and cons, dos and don’ts for both options and ultimately the choice will belong to you as you will live in...
Without turning this into a religious discussion, commandments in this context are taken as rules to beobserved. It is also important to clarify investment and to avoid any doubt, investment involvesdeliberately allocating resources with a hope of securing returns over the principal amount in the future,based on fundamentals and analysis. Investment is not to be confused with speculation which...