Low FDI hits real estate hard

HARARE, April 10 (The Source) – Zimbabwe is experiencing an oversupply and underutilisation of industrial space due to closure of manufacturing firms and low influx of foreign direct investment, according to a leading real estate consultancy. Zimbabwe remains an FDI leper, with inflows declining from… Read More

IDBZ to float more housing bonds

HARARE,  March 2 (The Source) – The Infrastructure Development Bank of Zimbabwe (IDBZ) says it intends to float more bonds to raise financing for its housing development projects but at a lower yield rate in line with current interest rates. The state owned institution was… Read More

NBS launches $2 million housing project

By Ruth Ngwenya HARARE, October 20 (The Source) – Zimbabwe’s newest mortgage lender, National Building Society (NBS), on Thursday launched its first housing project valued at $2 million under an agreement with Lafarge Cement. The mortgage lender, which opened its doors in May, is wholly… Read More

ZPI profit up 35pct in H1

HARARE, September 23 (The Source) – Zimre Property Investments posted a 35 percent increase in profit after tax to $572,000 in the half year to June 2016, driven by a growth in projects income. Projects income recorded a 75 percent increase to $1,65 million as… Read More