Exorbitant prices stalling the housing market

The continued spiralling of property prices has become a challenge to sellers as customers can no longer afford investing in housing.

The Real Estate Institute of Botswana President Modiredi Maruping told a First National Bank of Botswana (FNBB) stakeholder discussion in Gaborone this week that sellers are concerned that property stays in the market for a long time because prices are very high.

“An affordable housing market no longer exists because there is limited land, and if there is any, it is not serviced so this results in developers raising prices high,” he said.

Editor's Comment
Don't let FMD outbreak drag on

Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...

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