Pam Golding Properties Zimbabwe is merging with Donavans Property Consultants.
“Having been at the forefront of the property market in Zimbabwe since 1998 we are delighted to announce that Pam Golding Properties Zimbabwe has partnered with Donavan’s Property Consultants, as part of our strategy to extend our footprint and provide an even broader spectrum of services across the various sectors of the market,” said Dr Andrew Golding, chief executive of the Pam Golding Property group. “We are delighted to welcome experienced realtor Vanessa Vos and her team to Pam Golding Properties. In the increasingly competitive and constantly evolving real estate business of today we value highly the qualities of entrepreneurial flair, professionalism and drive which are integral to the success of such a business.”
Well established in Harare, Donavans Property Consultants has been operating in the residential property market in Zimbabwe since 2003.
Juliet Harris, area principal and MD of Pam Golding Properties Zimbabwe, said: “We are expanding our business to maximise the Pam Golding Properties potential in this country and in due course intend to extend our world-class service to Bulawayo, Gweru, Mutare and Victoria Falls.
“We are positioning ourselves to capitalise on Zimbabwe’s economic turnaround. In line with this we plan to launch different specialist offices that will cater for the property needs of all sectors of the market, from a top-end mansion in Borrowdale Brooke to a stand in Kuwadzana.
“Foreigners can buy property in Zimbabwe, which is priced in US dollar currency. Finance is available to local and international home purchasers, with current interest rates varying from 12% to 15% for high- to low-density accommodation, and with deposits of 25% generally required. Until interest rates fall into single digit territory, many properties will continue to be paid for in cash.”
Prices of residential property in Harare varies from $45,000 for a lower-end, one-bedroom apartment, to around $3m for a luxury mansion, with an average price of between $110,000 and $200,000.
A luxury mansion can be acquired for $700,000 to $1,5m and up to $3m. Prime locations in Harare are Borrowdale, Chisipite, Highlands Newlands, ‘The Ridge’ in Avondale and Borrowdale Brooke – which is a golf estate on the edge of Borrowdale.
Photo: Situated in Colne Valley in Harare, Zimbabwe, and priced at $1,2m, this family home has approved sub-divisional rights to build seven cluster homes.