In a society where the once well-established middle-class has virtually become extinct, the ever-soaring price of houses has left more tenants than homeowners.
An observation by a publication shows that residential stands have soared by over 200% in dollar terms within a year.
Analysts say this emerging trend follows the licensing of land developers to sell in foreign exchange.
Middle to senior level management workers will need to save their entire salary for about four years to pay a staggering initial deposit of US$80,000, which accounts for 20% of a modest house in Harare’s upmarket high density suburbs.
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