I saw some flats in Mlolongo yesterday,going for 3M a piece. They’re
right beside the main highway and are not yet complete but will be soon (Jan
2010). They’re 112 pieces and already between 80-100 have been sold. (all
this is in case anyone is interested)
I have an interest to invest in one,but wanted to check on it’s potential
for rental (my preferred interest is speculative since am not even around
to live in it!). can you guys help with any idea of the kind of rents paid in
that area? Do you know any people living there? The claim from agent is
that people are willing to pay 18K which seems a bit high.
Feel free to share helpful info in any context,and if you have knowledge
on resale of flats to investors (how easy or not it is).