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Wednesday, 9 May 2012

YOUR REAL ESTATE DREAM ! HOW TO BRIDGE THE GREAT DIVIDE?

You harbour a dream of owning a property or  of adding  two or more to those you already have. In order for such a dream to see the light of day as opposed to having it remain as just  a  dream forever, you need to have a clear picture of market realities and other fundamentals at play.             

LOCATION. First  and foremost you should know that in real estate the effects of supply and demand vary with location. It is therefore, misleading  to argue that a stand in ZIMRE should get a higher price because the same stand in Mainway Meadows (another middle density area) is getting such prices.  ZIMRE and Mainway Meadows may be equally good in terms of land development elements like quality roads and sanitary systems  but in terms of open market value Mainway Meadows beats ZIMRE because its closer to the CBD and established social amenities.