EPISODE 5: Buying your property through friends and family – Do you know the “real cost of Cheap”?
On this week’s episode of the Friday Property Clinic, we are joined by Thandiwe Folotiya Mwiko from Folotiya & Chiumya legal practitioners. She joins us as we discuss how people in the diaspora want to buy land or build in Zambia. But they are often dissuaded from using professionals because they feel they are too expensive. Family members persuade their diaspora relative to use them in order to save money. Using family and friends in Zambia is seen as the cheaper option. But how cheap is cheap? What is the real cost of using family members to undertake a commercial transaction on your behalf? Today we’ll go through some real live examples to understand the real cost of cheap.
To get in touch with Thandiwe you can contact her on the details below:
Thandiwe Folotiya Mwiko
Folotiya and Chiumya Legal Practitioners
Tel: + 260 211 292515
To review the slides click HERE: [download id=”2484″]