Property valuations critical for future investment decisions
Monday, April 08, 2013
Speaking at the official launch of the company's website last week, Property Valuations and Investments Analyst, Baalakani Nlumbile said with today's property market experiencing change and uncertainty, it is imperative that people understand their most important financial assets.
Seeing as more Batswana are looking into selling and procuring properties for future investments, Nlumbile advised that an accurate property valuation is critical to making successful property investment decisions. He stressed that property valuers are regulated by the Property Act, which is why people hoping to sell their property should seek valuations from professionals to avoid being ripped off or selling at unreasonable high price.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...