16.06.2011 - Zimbabwe: Property prices soar
Building societies are still not offering mortgages because they say most citizens cannot afford the repayments on their low salaries. Building societies stopped offering mortgage loans to customers during the hyperinflationary period when inflation soared to a record 231 million percent. Seef Property Consultants said prices in Nyanga were also skyrocketing businesspeople snapped up holiday homes in the attractive resort area..............................................Full Article: Source
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