Property returns good in 2013

No Image

Investors in the property sector raked in returns as high as 17.9 percent, more than double the average inflation rate, a report by international property market experts, Investment Property Databank (IPD) shows.

Big property companies have set eyes on the African market, where returns are good. Turnstar Holdings Limited is making it big in Tanzania while PrimeTime is targeting Zambia, as it expands into Africa. 

The IPD reports that property investment has remained the only investment choice with significant inflation beating returns buoyed mostly by the retail and residential sectors, which recorded returns as high as 16.6 percent and 24.4 percent respectively in the year 2012.

Editor's Comment
Exercise extra caution!

Unfortunately, petty thieves tend to be more vicious around this time as they also prepare for the festive season. Culturally, many Batswana go home for the holiday, and petty thieves are amongst those who go home. Burglaries, car break-ins, and attacks on unsuspecting pedestrians seem to be on the rise!That is not all, as scammers continue to take money from pensioners as well as other Batswana who may fall prey to their unscrupulous tactics....

Have a Story? Send Us a tip
arrow up