• Real estate entrepreneur developers to set up their real estate businesses where there is traffic of people
• This will help the entrepreneurs reach the targeted market as well as boost their businesses.
• Real estate entrepreneurs must always valuate property in order to know how much the property is worth.
Fairworld Properties Limited has advised real estate entrepreneur developers to set up their real estate businesses where there is traffic of people.
Speaking during the first ever Fairworld Properties Masterclass in Lusaka, Company Chief Executive Officer Chisebwe Fumbeshi said this will help the entrepreneurs reach the targeted market as well as boost their businesses.
Mr. Fumbeshi has further urged real estate entrepreneurs to always valuate property in order to know how much the property is worth.
He also stated that there is need for Real Estate starters to negotiate with insurance companies in case of any economic challenges.
“When you are identifying opportunities you need to make sure that the property has cash flow, Cash flow is defined as the amount of money entering and leaving your business over a given period of time. Cash flow is important because it enables you to meet your existing financial obligations as well as plan for the future, “he said.
And Speaking at the same event, Money FM Business Radio Chief Executive Officer Nkhonde Fumbeshi appealed to Real Estate developers to adapt to climate change and help reduce gas emissions.
“Zambia has been experiencing adverse impacts of climate change – including an increase in frequency and severity of seasonal droughts, occasional dry spells, and increased temperatures in valleys, flash floods and changes in the growing season hence the need for concerted efforts to fight the vice, “she said.
Meanwhile, Napoli Property Limited Chief Executive Officer Diego Casilli called on Government to create an enabling environment for real estate by reducing some taxes in the sector.
Mr. Casilli said real estate entrepreneurs pay more tax than any other investment in Zambia which is very expensive.
“Government must change the legislation system for the real state as this also poses a challenge for business to thrive, “he stated.
Mr. Casilli further advised those people who want to venture into real estate to have a vision and be financial disciplined.
