Login



Property for sale in Botswana

Property for sale in Botswana



1/ Capital: Gaborone

 

Is the capital and largest city of Botswana. Gaborone lies in the flat valley between Kgale and Oodi Hills, on the Notwane River in the south eastern corner of Botswana, and 15 kilometers (9 mi) from the South African border. It is the administrative capital of the South-East district. Get more information on property for sale in Gaborone.

 

 

2/ Country: Botswana

 

Is a landlocked nation in Southern Africa. Citizens of Botswana are Batswana (singular: Motswana), regardless of ethnicity. Formerly the British protectorate of Bechuanaland, Botswana adopted its new name after becoming independent within the Commonwealth on 30 September 1966.

 

 

3/ Property in Botswana

 

From the late 1980s, the property market in Botswana experienced a downturn, resulting from the general economic slowdown in the country, which continued well into the mid-1990s. This significantly dampened the euphoria among investors in property development that had been spurred on by speculative borrowing, lured by unrealistically high investment returns from unsustainably high rentals. A spate of repossessions followed as the market subsequently adjusted itself to more affordable and realistic rentals. This brought in a sense of realism in property investment among borrowers, who were forced to consolidate their investment portfolios and tone down their earlier appetite for unbridled investment in property.

Now Botswana is unrivalled as a country in Africa and offers a unique investment climate. Politically it is rated as the most stable country in Africa and was ranked number one for good governance in Africa, by the World Economic Forum in June 2003.

The residential property market has picked up in the past year, after a previous weak patch, especially in Gabarone. Strong growth in the mining sector has brought foreigners in to Botswana. The take-off has been strongest in the commercial and industrial sector, but the residential market has followed. Rents are rising. Property prices in Botswana have picked up significantly, particularly for higher-end properties. Sellers are achieving above list price, in striking contrast to the situation a year ago.

The property market in Botswana is experiencing a boom despite the rise in interest rates, escalating costs of construction materials and the sub-prime mortgage crisis.

For the country to have foreign direct investment (FDI) coming its way like Dubai, there is need for property development that offers lifestyle rather than just accommodation.
 
Currently there are no properties for sale or for rent in the selected area. Start by creating a free account and start posting your properties.



Why not view other property reports in Australia

At Property Uncovered we provide information on where to purchase real estate in the world, this specific page give details on how to find a property for sale in Botswana, these can be cheap properties or luxury real estate. All types of properties are covered : land in Botswana, apartment, house, villa, etc. The information is gathered through our own sources, real estate agents and newspapers.