The status of being a graduate, is a crucial facet of life that demands thorough decisions, among the key decisions that many face is whether to buy land or a car.
Such a question has been a recipe for debate in many forums, and social media alike, but the end result is an array of knowledge either on the importance of real estate and the upside of cars.
The Zambian Business Times – ZBT, questioned Real Estate Expert Ngosa Ngandu over which one is affable and lucrative in the long term.
In an interview, Ngosa made a bold contrast between the two, highlighting that buying a piece of land requires decent resources to develop it.
In a quest to acquire land, many citizenries have ended up locking their money, due to the fact that they purchase land without working on it, due to lack of resources.
Money that could be used to finance other valuable projects that are likely to project handsome profits.
“Someone who has intentions of owing a property so that they have access to facilities, if you buy a plot and don’t have money to develop it then you would have locked your money but you can get that money and invest in a business and buy a plot later.”
Meanwhile, Ngosa who is the founder of Kingdom Real Estate revealed that the preference of a car is sometimes based on the need to use it as a utility and possibly put it on for Yango business, which has become a household business especially in the urban area.
Meanwhile, Ngosa bemoaned the low literally that encompasses the real estate sector in the country, highlighting that most of the information in public spaces is foreign, precisely from the western world.
He said the information does not reflect indigenous solutions and hence the local real estate remains docile and fledgling.
