The Zambia Land Alliance has bemoaned the lack of stringent regulation towards monitoring and clamping fraud cases in the real estate market. Speaking in an interview with the Zambian Business Times, ZLA Executive Director Patrick Musole said despite the presence of regulatory bodies, most of the companies lack clear monitoring and compliance mechanisms. Musole observed that in the recent past the sector has seen an influx of companies, citing the trend as going for easy money. “There is no strict regulation. We have a lot of real estate companies that have been developed because there is a perception that it...
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