By: Garikai Dzoma
Pomona City Selling Stands With Generous Terms
You are probably tired of hearing this, but Harare has a housing crisis. About half the people in the city are living in rented properties, a fact that is less than ideal. One leading reason why people do not have stands, flats and houses of their own is that they cannot afford them. This is not hard to understand given the fact that most people are employed in the informal sector which makes it hard to get mortgages. The Pomona City deal would be perfect for people in the informal sector. Following years of apparent stagnation, the cityscape of Harare is undergoing a stunning transformation with a rise in new real estate projects and new stands. Pomona City lifestyle estate is one of those exciting new projects. Styling itself as a high-end residential development project, the project is masterminded by the award-winning property magnate Ken Sharpe, this project is poised to change the face of the city forever. So if you're looking for a new place to call home, or just want to be a part of one of the most transformative projects in Harare's history, the Pomona City lifestyle estate is the place to be. It seems the company is fully aware of the fact that most people have no access to loans and is therefore offering some generous terms for those who are looking to buy stands in the area. Their stands are selling for the following prices: 500 sqm is going for around US$42 000 600 sqm is going for around US$48 000 800 sqm is going for around US$64 000 1 000 sqm is going for around US$75 000 The stands are being sold under a scheme called 25/25 this means that interested buyers can apply for a stand and pay 25% of the billed price of a stand and then pay the remaining 75% over the next 25 months. This means for the US$42 000 you pay about US$10 500 and pay the remainder over the next 25 months. This should make it easier to afford the stands and would be a useful arrangement for those in the informal sector who get regular cash flows but are mostly unbanked and therefore cannot get mortgages.
