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Alba Iulia
Thursday, February 27, 2020

Zambian needs 3 million housing unit to curb deficit-Chenda

Headlines Zambian needs 3 million housing unit to curb deficit-Chenda

Local Government and Housing Minister Emmanuel Chenda
Local Government and Housing Minister Emmanuel Chenda

Local Government and Housing Minister Emmanuel Chenda has disclosed that Zambia currently has an estimated housing deficit of about three million housing units.

Mr. Chenda said this presents a huge investment opportunity in housing development which he said has remained untapped.

He said this during the inaugural conference of the Zambia Property Owners Association (ZAPOA) in Lusaka today.

He said the creation of new districts has also provided opportunities for investing in houses, office buildings, guest houses and restaurants, banks and insurance companies, shopping malls, warehouses and recreation facilities.

Mr. Chenda stated that it was the desire of government that mortgages and construction financing should be affordable to would-be investors.

The minister said in a bid to make mortgages for housing development affordable, President Michael Sata recently directed the recapitalisation of the Zambia National Building Society, to which effect the national treasury released K167 million to the society.

He however noted that the demand for property development is huge and has since called on financing institutions and other property developers to invest in this lucrative industry which he said has the potential to improve the quality of majority citizens through job creation, improved living and working environment.

Mr. Chenda also stated that government was aware of the concerns of property owners regarding the cumbersome and slow process of acquiring title deeds which hinders property owners to access mortgages due to lack of title deeds.

He said his ministry was equally concerned as titled properties would result in increased payments of rates and stamp duty which government greatly needs for increased investment in water supply and sewerage, road, power and social infrastructure development.

Mr. Chenda said the creation of ZAPOA therefore provides a grand opportunity for various stakeholders including government to work together in addressing some of the constraints to the growth of property development and ownership.

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16 COMMENTS

    • Go back to the land. Develop rural areas and the cities wont be choked with useless people!

    • 13 million people in Zambia, divided by 3 million houses, is equal to 4 remainder 1
      13 / 3 = 4.3 people. same as 4 people in each house, ni ku Japane?
      But these PFs finangwa, how many children does Sata have just by himself? Yesterday they came with bumper harvest, another one adds senseless maths.

    • Where is my calculation of 13 million divided by 3 million = 4 people in each house. Ku Monze, with just 2 children?
      These PFs are really pathetic in math.

  1. This is stupid Minister who cannot even think how systems links. Sewer system is a mess, all the plots given there never any sewer system plan with water and sewerage companies in Zambia. Does his statement make sense. They travel abroad listen to politicians in developed countries and they think they implement projects without involving think tanks. Zambia will never develop with PF Chapwa!!!!

    • The truth is PF and UPND don’t inspire confidence that they have what it takes to get this country back to where it was during LPM’s time!
      We however have a well tested and tried Magande who is in good standing with leading world financial institutions and has what it takes to bring back fiscal discipline! I must also be quick to say it won’t be easy to clean up the mess we find ourselves in today.
      It won’t be easy for the masses also to really read and differentiate between the truth and deception because most are now confused and the only thing they will do is insult and vote under the influence of a confused mind!
      What we need as a country is serious debates about where we want to see our country to be in the next 50 to 100 years, not through wishful thinking but serious…

  2. The “statistic” about housing shortage has been getting worse from the last housing policy (1996). To fair to PF, the problems they inherited are extremely complex, but not insurmountable. As a people, we have always been misled to believe that infrastructure to support housing can be done in a year or two; so we have taken up a “do nothing approach”. Now its fire fighting all the way. You want water reticulation, and waste water treatment plants now that people have built houses?

  3. If we can’t even get the title right…..ati “zambian needs 3 million housing unit”….what are the chances we’ll get the housing we need? Zambia,the land of mediocrity.

  4. Give us title deeds please. We paid for a re-survey of Chelston Extension in 2012 and 2 years on we have not heard from the Ministry. What is going on? Also please tar the main roads in those areas. MMD government was quick to tar State Lodge area even before people started building but could not do so for areas which were already built up. The main culprit here was the MMD government and NOT PF. What a good riddance that was!!!! It will take some of us a lifetime to think of MMD as an alternative government. As for PF, you are doing well, BUT please stop mocking us over the constitution and harrasment of the opposition political parties. Hon. Kabimba, please keep quiet for a while. Each time you open your mouth you blow us away from PF. That is very true, like it or not.

  5. And each one of those PFs has a soldier behind them, like the homosexuals, its really a Militia government. Can’t that man behind Chenda go and join those enjoying bumper harvest tumfwileko.

  6. This Minister should be saying Zambia needs to expand it’s sewerage , water ,electricity capacity before making such a statement.How on earth can they allow such before expanding our sewage water and electricity system.The current building work cropping up is a good ingridient for disasters and disease and will confine Zambia into the dark ages which are worse than the pre independence days.Most area do no have water sewarage facilities . Electricity supply is beyond a joke and this man is talking about building more houses .

  7. The post newspapaper… “chenda predicts 1.3million housing shortage…”
    Lusaka times… 3miilion??? Whose correct?

  8. This Minister should be saying Zambia needs to expand it’s sewerage , water ,electricity capacity before making such an unwise statement.How on earth can they allow such before expanding our sewage water and electricity system?The current building works cropping up is a good ingredient for disasters and disease and will confine Zambia into the dark ages which are worse than the pre independence days. Apart from may be where this minister lives , many areas do no have the minimum standards of water sewerage facilities . Electricity supply is beyond a joke and this man is talking about building more houses . There is no excuse for not having water and electricity. Let us stop bringing people like judge chakopa and channel the money into meaningful development projects .

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