Property stakeholders are welcoming amendments to the Rental Housing Act.
Zim rentals soar
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Thu, 03 Jul 2008 10:25
Rentals in high-density suburbs in Zimbabwe are soaring and
landlords are demanding payment in foreign currency and food, the
state-controlled Herald reported on Thursday.
Residents of a suburb in Harare told the newspaper that they were
now forced to supply two litres of cooking oil, 20 kilograms of maize
meal and two kilograms of sugar as part of their monthly rentals.
A two litre bottle of cooking oil, 20kg of maize-meal and two kg of
sugar are pegged at Z$200-billion, Z$160-billion and Z$50-billion
respectively.
According to the Herald, a bedsitter, one bedroom and two bedroomed
flats are now pegged at $100, $150 and $250, or the Zim dollar
equivalent, respectively.
Chairperson of the National Incomes and Pricing Commission, Godwills
Masimirembwa said that charging rent in foreign currency should end
with immediate effect.
"We are going to take stern measures against unscrupulous landlords
who are charging exorbitant
rentals at the expense of consumers," he
said.
Property analyst Matthias Kufandirimbwa said the increase in rentals
was mainly caused by the ever-increasing demand for accommodation in
urban areas, especially in high-density suburbs.