Bank confidence drives property market boom
Friday, April 16, 2010
Stronger credit support to prospective property owners and developers is underpinning the prevailing boom in purchase and rental property prices, analysts have said.
According to Bank of Botswana statistics, banks advanced a total of P434.6 million in loans and advances towards property for individuals last year, down from P521.8 million in 2008. However, total property loans and advances outstanding to individuals stood at P2.54 billion by the end of last year, marking the rapid growth of mortgage credit in Botswana since 2004.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...