Mining boom pushes property prices up

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FRANCISTOWN: Since increased mining activity hit Francistown, demand and rates for property have gone up so much that most people here regard the mining boom with skepticism.

Even property agents admit the boom is something of a mixed blessing for ordinary Francistowners.

Stephina Molefe, a property agent at Willy Kathurima Associates there is in no doubt that locals are now struggling with property, whether renting or buying as a result of rising rates. She says it is definitely an influence of the mines. "Property rates in Francistown are high," Molefe says. "For individuals and local companies, it has become a very stressful experience to try and rent or even buy property."

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