Real Estate

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Source The Botswana property market, initially forecasted to witness a decline, has defied expectations, particularly in the segment ranging from P850,000 to P1.3 million. Recent affirmations from stakeholders paint a picture of a robust and healthy real estate landscape in Botswana, standing firm despite the challenging backdrop of the global pandemic. Notably, the market not only weathered the...

Despite the crumbling global effects of the COVID-19 pandemic, Botswana managed to recover its property sector, which was torn during the pandemic, to a steady 20% rate. The Botswana housing market, expected to fall, grew to a steady 20% rate. This was especially predicted for the properties ranging from 850,000 P to 1.3 million P. Unfortunately, the predictions were off the mark and never came true....

It is expected that Africa's property market will continue to prosper with a better sales rate in 2021, as far as the rate of interest remains advantageous. Due to the prolonged lockdown and continuous fight against the global epidemic, the uncertain condition forced us not to expect a brilliant year. As we are at the edge of 2020, Mr. Adrian Goslett, who is the regional director as well as CEO of...

Africa is steadily growing popular with people from other continents as their dream destination for both vacationing and staying. Thanks to social media and travel influencers, the enchanting images of Africa have reached all corners of the world, inspiring many to explore the vast and diverse options the continent has to offer. While many are flocking to Africa as tourists, several others are relocating...

A new land act has passed in Botswana. As per the act, wives of the landlords have got equal ownerships as their husbands. President Mokgweetsi Maisisi has confirmed the new land act in an event regarding women's rights. In 2015, before the amendment, the land's ownership had terminated women, particularly the landlords' wives, to own land if their husbands sustain proprietors' position.  Miss Tunah...

A local property consultant reported that the low-income properties are more in demand these days, more specifically one or two-bedded residential spaces around the boundary of metropolitan cities and towns. As per the latest Vantage properties report, 100% of proprietors of Mogoditshane and Tlokweng have started to construct units targeting the low-income people. The plan is specifically designed to...

The national and low housing program policy is under review under Housing and infrastructure development. While communicating with the media on World's Habitat Day, Minister Mmusi Kgafela in Gaborone stated that they hope to sustain households' nobility and prosperity by providing adequate sanitary environs.  According to the minister, wise urban - land planning and management must supply the basic...

Despite serious cases of covid 19 pandemics the world over, the Gaborone property market stays healthy. This is mainly because not much changed about Botswana's shopping habits. Mr. Issac Molefinyane, the director of Matchmaker properties, revealed it this week. He revealed that only Maun and Francistown local markets had been hit, and Gaborone stayed relatively safer due to the locals' low...

Real estate sector in Africa has been experimenting an impressive growth. On average, 10,000 accommodations miss each year in most of these countries, and despite some governmental endeavors, the shortfall is still important. According to several studies, African population is going to increase over threefold during the next 40 years. This demographic growth will inevitably go with a strong development...