NBS Is Second to None
The NBS Dzivarasekwa Housing Project is set to deliver 500 units in 2021
The National Building Society/NBS has achieved yet another milestone. NBS has been shown to be second to none in terms of providing mortgage loans that facilitate homeownership to the citizens of our nation. Recent reports indicate that the Society has firmed up on its position to emerge as a leader in residential mortgage lending in Zimbabwe.
NBS’ rise in the market rankings has been built on steady growth in the provision and facilitation of affordable housing, anchored on its flagship mortgage loans. By making meaningful additions of new units to the national housing stock since its inception, NBS has contributed positively towards Government’s efforts to reduce the housing backlog, which is currently estimated at almost 1,5 million.
In 2016, NBS undertook its first housing project in Adelaide Park, Harare where 82 units were financed and completed by December that year. Following on from that achievement were several other housing projects that the Society was involved in, nationwide, including Stoneridge in Harare where 202 units were delivered, Woodbrooke in Bindura with 43 units, in Shurugwi 22 units built at Magakooshla and Amalinda in Harare with 60 units.
NBS looks forward to elevating its position in the provision of mortgage financing with the imminent delivery of 500 units through its Dzivarasekwa housing project. This massive project was initially embarked on as an offtake agreement with a private developer in 2017. Although some delays in implementation were experienced due to various reasons beyond the Society’s control, in October 2021, the project entered its final phase of construction. Thus, at the close of this year, the Dzivarasekwa development will be delivered to customers and key stakeholders, setting NBS firmly on the path to leadership in local mortgages space.
Brick by brick, NBS is determined to reach the pinnacle of home financing in the country. The Society will continue to leverage on its mortgage loan offering to meet the housing needs of Zimbabweans. By remaining committed to its mandate, NBS aims to improve the country, the lives of fellow citizens, and the Society’s standing in the local market for mortgage loans. The only way is up!