Rights of Buyers in Uncompleted Property Developments for Residential Stands
A legal expert discusses the growing issue of property developers in Zimbabwe failing to complete residential projects or lacking proper permits. The discussion highlights the financial risks faced by buyers and the importance of due diligence in the real estate market.
Why it matters
This highlights systemic issues in emerging real estate markets that can lead to significant financial loss for citizens and undermine housing development goals.
NewZimbabwe.com has invited Mr. Vengai Madzima, the Senior Partner at Madzima Chidyausiku Museta Legal Practitioners ( MCM Legal ) to discuss with us legal issues that affect Zimbabweans. The discussions are of a general nature and those seeking specific legal advice should contact their lawyer.
Reporter: Welcome back Mr. Madzima. This week, we want to discuss an issue that is causing a lot of pain to buyers of stands in new property developments: that is failure of developers to complete developments for stands in time or at all, and in some instances, for a buyer to find out late that no permissions to do the development were ever granted. Why has this become commonplace?
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