The Zambia Institute of Valuation Surveyors has called for stringent policy towards landowners who keep land for speculative purposes in an attempt to sell it at a higher price, stating that this practice is robbing the local authorities of revenue. Speaking in an interview with the Zambian Business Times ZBT, ZIVS President Christopher Mulenga condemned the practice, revealing that many land owners have adopted it, with some purchasing big land for future resale. “There are people that keep land for speculative purposes; if someone has got land and they don’t want to develop it, they are speculating that in the...
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