NBS tar­gets 10 000 hous­ing units by year-end

Sunday News (Zimbabwe) - - National News - Mun­yaradzi Musi­iwa Mid­lands Cor­re­spon­dent

THE Na­tional Build­ing So­ci­ety (NBS) is tar­get­ing to fund the con­struc­tion of 10 000 high to medium den­sity hous­ing units by the end of this year af­ter part­ner­ing with pri­vate prop­erty de­vel­op­ers to ad­dress the acute short­age of ac­com­mo­da­tion in ur­ban cen­tres.

The coun­try has a hous­ing back­log of about 1,25 mil­lion.

Ac­cord­ing to the Zim­babwe Sta­tis­ti­cal Agency 2012 Cen­sus re­sults, ur­ban pop­u­la­tion in­creased from four mil­lion in 2002 to 4,3 mil­lion in 2012 which is about 33 per­cent of the coun­try’s pop­u­la­tion.

This has re­sulted in a high de­mand ac­com­mo­da­tion in ur­ban cen­tres.

In an in­ter­view on the side­lines of a tour of Ma­gakoosha hous­ing pro­ject where NBS part­nered River Val­ley Prop­er­ties in Shu­rugwi, act­ing man­ag­ing di­rec­tor Mr Larmeck Danga said the fi­nan­cial in­sti­tu­tion was con­fi­dent of meet­ing its tar­get of 10 000 hous­ing units by year end.

“The fa­cil­ity is not only for civil ser­vants but we cut across all sec­tors in­clud­ing those in the pri­vate sec­tor.

“The houses are rel­a­tively af­ford­able. In Shu­rugwi we are devel­op­ing over 500 hous­ing units but we have a na­tional tar­get of about 10 000 houses units that should be con­structed by the end of this year.

We are also ex­pand­ing as NBS, we are go­ing to open branches in Masvingo and Mutare and we are re­cruit­ing agen­cies and we are also util­is­ing NSSA of­fices through­out the coun­try where peo­ple can ac­cess our ser­vices,” he said.

The bank is of­fer­ing mort­gages of up to 25 years. of

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