This means that capital locked up in these houses cannot be used to leverage debt thus unlock capital for other endeavors by the “owners” of these houses. New thinking, that says credit worthiness can no longer be defined in the way it’s traditionally done.

The financial system is keeping people out to the extent that people have to make do with very risky investments like dealing with barons and putting money in rural areas, investments that cannot be leveraged because it has no title. The financial markets lose, and people lose.

The property development process is still delivering real returns across the world even in mature markets like the UK and elsewhere. There is money to be shared with investors in the construction and development margins.

This is outside the revaluation growth realized after a project is finished and product held as stock or other type of asset. If this is happening in mature markets, how much more in greenfield Africa, where a lot of infrastructure still needs to be delivered.

Our view is that in the short to medium term, the housing back log will be decimated by current supply efforts across the Zimbabwe property market. There is quite a lot of production by developers. Informal sector, rural area developments, banks, local authorities.

There are substantial problems that people and institutions encounter, in the area of buying property. What are these problems and are these problems substantial enough to require a market solution?

Most property development projects are capital intensive hence fear to embark on projects by institutions, hefty deposits and hefty monthly installments for individuals.

The Know Your Customer (KYC) documentation process when buying a property is heavy on the informal demographic of our market, of which this is the 80% that is holding the economy of Zimbabwe.

On mortgages you pay interest in exchange of the capital funding you get from an institution, provided you meet the credit checks and you must be formally employed.

The traditional method of buying property makes you saves towards a hefty deposit, also you have to earning a high regular salary (USD$6000.00. 😉) to qualify for the high monthly installments.

On payment default you risk to lose your property and people end up being left to deal with land barons.

At Southland Regional over the years, we saw that a lot of people struggled to purchase property du to the above reasons. We formed SouthPeople Capital Asset Management, which developed Property X. The product addresses all the above issues.

Property X is a property acquisition fund licenced by SECZIM to allow people to buy property on a pay as you go basis. Unlike the traditional property purchases, Property X does not require deposits, prescribed monthly installments, or credit checks.

SECZIM The key feature of Property X is that it works the same way a family trust functions, but it links contributor directly to underlying property. The contributor owns a portion of the underlying properties bought by the fund.

Itai Gift Watinaye Gregory Gapare Thanks Itai for the question. We have come up with Property X , a pay as you go solution to buying property to accommodate the informal sector. On Property X, there are no deposits, credit checks and hefty monthly installments required. You design your own payment plan.

Itai Gift Watinaye Gregory Gapare Also the beneficiaries of the Pension Fund industry need protection against inflation and currency volatility plus related lack of value preservation problems. The main deliverable for Pension Funds is the fact that now, beneficiaries can receive their pension payouts in property

SECZIM Thank you everyone for following through the discussion. I look forward to many more of these. You can contact me on +263773230794 or email me at [email protected]. Have a great week ahead. Check our Project portfolio at southlandregional.com

We are committed to ensuring every woman and every girl has a safe and dignified period. #PeriodDignity #EndPeriodPoverty The Period Company ZW

Did you know that tax and duties on sanitary products are upwards of 75%. Join our voices and sign our petition. No tax on sanitary products. Our periods are not a luxury. Can you add your signature? � chng.it/MbbCpFcZq2

Introducing our Mweshi Period Panty. Highly absorbent. Made for the heaviest of flows #periodpower #period