Real Estate

Zambia's urban landscape is dotted with extra-legal low-income settlements, where the interplay between possession, economic rights, and legal rights shapes the development trajectory. This article examines the effect of property rights on the development of these settlements, the underlying mechanisms and processes involved, and the relationship between formal and informal institutions in their growth. By...

In a recent interview, Inutu Zaloumis, the owner and managing director of Pam Golding Properties Zambia, sheds light on the intriguing facets of Lusaka's residential real estate market. The city boasts two distinct segments catering to local residents and expatriates. High mortgage interest rates have fueled a robust self-build market among Zambians, creating opportunities for gated communities that...

COVID-19 had a devastating effect on the economies of the world. It was to the point that most of the economies had nearly reached a period of recession, and Zambia was no exception among those economies. The outbreak and the following lockdowns had a significant negative effect on the property sector of Zambia, among the other sectors. Zambia's property and housing sector were hit the hardest since, with...

Home maintenance is not less than an art, and everyone is not an artist here. When it comes to home maintenance, countless homeowners do know the very basics of home maintenance. They show themselves as aliens to the appliances and structures used in a home. An agency known as Sears Home Services surveyed random 1000 homeowners across the country. More than 33% do not know about the Microwave, its...

In Zambia Air Conditioners are delicate appliances normally they have a warranty of a year and it is maintained by the company within warranty period but once the warranty is over they charge you a lot of money to repair even slight damage. The most common problem that many AC owners register to us is water leakage. Air conditioners leak water to improper drainage set up, or due to damaged condensation...

SA Corporate Real Estate stated that its business property, mostly of transportation and convenience-oriented retail assets, was protective during the outbreak and would remain so until 2022. Through a partnership, the JSE-listed real estate investment trust (REIT) holds commercial, agricultural, office, warehouse, and housing properties throughout South Africa and three buildings in Zambia. According...

We examine several graphs that depict the implications on the economy of the country's latest National Election and its prospective beneficial influence on the real property sector. However, the President’s resounding victory, Zambia's presidential election, is rapidly spreading across the industry. We examine the biggest five changes that have occurred that we are witnessing and anticipate to witness in...

According to the CEO of Stanbic Bank, Leina Gabaraane, to build a stronger economy post the COVID-19 pandemic, ZAMBIA embraces significant shifts created in the virus's local economic landscape. According to Jimmy Khan, the CEO of Lafarge ZAMBIA, There has been quite a notable shift in ZAMBIA's domestic construction industry due to the acute increase in small projects all over the country. Gabaraane...

Real estate sector in Africa has been experimenting an impressive growth. On average, 10,000 accommodations miss each year in most of these countries, and despite some governmental endeavors, the shortfall is still important. According to several studies, African population is going to increase over threefold during the next 40 years. This demographic growth will inevitably go with a strong development...

Ronald Chitotela, the Zambian Infrastructure Development Minister, expressed the government commitment to avail affordable housing facilities for the citizens. This was during a live phone call with ZNBC television on a program called 'Government Forum.' The scheme dubbed 'Build and own' is a government program to convert slums to habitable settlements hence upgrading the slums. Chitotela said that the...