Did you know that in 2003 a houses in High Density Suburbs in Harare had a price range of US$8,000-10,000? Houses in Mabelreign $30,000-$40,000. A 1 bedroomed flat in the City Centre had a price range of $6,000-$12,000. A 2000 square metres residential stand in Ruwa was going for US$2,000. This is the time where those who had emigrated to UK simply took loans or montages of 10,000 Pounds and buy a home in the medium density surbubs. Fourteen years down the line the situation is totally different with $8,000 only buying you a 240 square metres residential stand in Glenview 7!
Anyway today we are not comparing prices but just giving you information for decision making. If you are thinking of buying a residential stand in the low density areas, the leafy surbubs of Harare-how much do you need for budgeting purposes?
Rolf Valley $135k for a 4,000 sqm stand
Gletwin $45k for a 2,000 sqm stand
Shawasha $85k for a 4,230 sqm stand
Glenlorne $75k for a 2,100 sqm stand
Glenlorne $53k for a 2,000 sqm stand
Borrowdale Brook $140k for a 4,000 sqm stand
Borrowdale $60k for a 1,000 sqm stand
Borrowdale $140k for a 1,384 sqm stand
Philadelphia $60k for a 2,000 sqm stand
Mt Pleasant $100k for a 4,000 sqm stand
Mt Pleasant $50k for a 2,000 sqm stand
Mt Pleasant Height $25k for a 1,000 sqm stand
We obtained the above information from newspaper adverts and the site www.classifieds.co.zw. So on average one needs at least $50k to obtain a residential stand in the leafy suburbs of Harare. Prices can be negotiated downwards if you have cash-we urge our followers to be careful of cash purchases though as chances of getting duped are extremely high when cash is involved. Another caution to our community is to avoid infill stands at all costs-200% of them are dubious properties.
In future we hope to give you more trends such as the cost of building homes, new residential projects, real estate fraud trends and many more. We are also looking forward to covering Melfort in the next instalment.
