Maravi

Zambians must shift their mindset regarding property, advises Moronell

Zambians must shift their mindset regarding property, advises Moronell
By Mutale Kapekele
Tue 17 Aug. 2010, 04:00 CAT

ZAMBIANS should take advantage of available home ownership schemes, Hawkwood Property Investments managing director Alfredo Moronell has advised. In a statement, Moronell observed that the country had many housing schemes that could empower citizens with decent housing. He stated that there was need for the Zambian public to shift their mindset regarding property.

“Many people would rather look at the property market from a safe distance and don’t even bother to enquire because they already have it in their minds that property is expensive,” Moronell stated.

“This is sad because there are different terms that would enable people own houses if only they were adequately informed. Many financial institutions and property development companies have developed affordable home ownership schemes.”

He described as unfortunate the perception that property ownership was a preserve of the elite in society.

Moronell urged those involved in property development to develop communication strategies that would change the public’s perception on ownership if the industry was to grow and empower those in the lower income group.

He stated that Zambia had a huge land resource that could support the development of property that would raise living standards and contribute positively to economic growth. Moronell stated that the construction sector, if managed properly, could be a major economic driver in the country as it had vast tracts of undeveloped land. The construction sector has in the last decade featured as the fastest-growing sector in the country at 20 per cent annual growth rate.

Labels: ALFREDO MORONELL, REAL ESTATE

posted by MrK @ 7:00 AM