The language estate agents in Harare/ Zimbabwe speak can be confusing to the lay person. This glossary will help you understand he legal, financial or real estate specific words and terms commonly used.
Real Estate For Sale In Zimbabwe
Over 150 Stands for sale in middle density area… see full details
Start a Business in Zimbabwe
Find out how to start a business in Zimbabwe, the easy way with the Business Setup Kit.
Initial investment
The initial cash outlay needed to secure or acquire an investment.
Intangible characteristics
Attributes that are not directly measurable or quantifiable, and therefore must be expressed in a qualitative or abstract manner.
Interest-only loan
A loan that requires only the payment of interest on a loan over a period of time with the original loan amount paid at maturity.
Internal growth
The rate that the number of new households is changing because of natural factors like when children grow up and form new households of their own within the same specific location
Investing
Appling resources today to obtain a greater desired return in the future. This is different to saving which is simply storing away a asset for future use. The goal of investing is to increase the value of a given asset over time. Property is widely regarded as a good investment. Many buy a house today, wait for it to increase in value (price), then sell it for more than was spent to buy it and increase it’s value.
Improvements
The development of a particular property to beautify, or increase it’s value. This is not necessarily limited to the building but can also include streets, utilities, landscaping, etc.
Installment Contract
In real estate this is a method of buying property by making periodic payments
to the seller. Each payment is an installment. The seller retains the actual title deeds until he is fully paid whilst the buyer holds a equitable title.
Institutional Lenders.
Financial organizations that provide loans for business – and even the purchase of assets such as real estate. In Zimbabwe, these are typically banks.
Interest Rate
A fee charged by a lender for the borrowing of money. This is usually represented or expressed as an annual or (more typically in Zimbabwe) monthly percentage.
