How Location Affects Property Values in Zimbabwe

When it comes to buying property in Zimbabwe, few factors carry as much weight as location. Whether you're seeking your forever home or an investment property, understanding how location influences property value is crucial for making informed decisions.

From Harare to Bulawayo and beyond, location can significantly impact home prices, rental yields, and long-term appreciation. Here's a comprehensive guide to how location affects property values and what buyers in Zimbabwe should consider before sealing the deal.

Proximity to Economic Hubs and Employment Opportunities

Properties located near major business districts and commercial hubs typically command higher prices. In Zimbabwe, areas close to central Harare such as Borrowdale, Avondale, and Milton Park—remain in high demand due to their proximity to offices, banks, and government institutions. Shorter commuting distances and access to economic opportunities enhance the appeal of these neighbourhoods, pushing property values up.

Emerging commercial zones, like parts of Newlands or Highlands, are also seeing increased interest as businesses decentralise and move into more accessible areas. Buyers and investors targeting these growth nodes often benefit from rising demand and appreciating property prices.

Access to Quality Schools and Educational Institutions

For families, access to reputable schools is a top consideration when choosing a location. Suburbs known for hosting top private and international schools—such as Mount Pleasant, Belgravia, and Borrowdale often see sustained demand. Properties in these areas are more likely to retain their value and experience steady growth due to the consistent need for housing among families seeking quality education.

Areas near universities and colleges, such as those surrounding the University of Zimbabwe or Midlands State University, also attract strong rental markets, especially from buy-to-let investors targeting student housing.

Transport Infrastructure and Accessibility

Well-connected suburbs with efficient transport networks tend to attract more buyers and investors. Locations with easy access to major roads like Samora Machel Avenue, Harare Drive, or the Bulawayo-Harare Highway typically have higher property values due to convenience and accessibility.

On the flip side, neighbourhoods suffering from poor road conditions, traffic congestion, or limited public transport options may experience slower property appreciation and decreased buyer interest.

Safety and Security

Security remains one of the biggest concerns for property buyers in Zimbabwe. Gated communities, boomed-off areas, and neighbourhoods with established security patrols, such as Gunhill, Greystone Park, or parts of Borrowdale Brooke, are viewed as safer and thus more desirable. Properties in these areas tend to maintain higher values and attract both local and diaspora buyers.

Areas with rising crime rates or insufficient security infrastructure may experience reduced buyer confidence and lower property values.

Lifestyle Amenities and Attractions

Access to retail centres, recreational facilities, restaurants, and entertainment options significantly boosts a location’s desirability. Suburbs offering a balanced lifestyle—like Newlands with its cafes and shops, or Ballantyne Park with its upscale amenities—are increasingly popular.

Upcoming developments like new shopping malls or entertainment hubs can also raise nearby property values. For instance, residential areas surrounding the Sam Levy’s Village shopping complex continue to enjoy high demand due to the convenience and quality of life offered.

Future Development and Urban Planning

Properties in areas earmarked for future growth and infrastructure upgrades tend to appreciate faster. Suburbs with ongoing development projects, such as new road networks, commercial centres, or residential estates, are seen as high-potential investment zones.

For example, areas on the outskirts of Harare such as Pomona and Mabvazuva are attracting investors due to their affordability and future growth prospects. Buyers willing to enter early into these markets often benefit from long-term capital gains.

Natural Surroundings and Scenic Views

Homes that offer natural beauty—whether it's a view of the hills, proximity to parks, or access to golf courses—often attract premium buyers. In Zimbabwe, properties with views of the Borrowdale Vlei, Lake Chivero, or the Eastern Highlands are particularly desirable.

Natural elements not only enhance lifestyle but also add emotional value, which translates into higher asking prices and stronger resale potential.

Supply and Demand Trends

High demand paired with low supply often leads to increased property values. Established suburbs with limited space for new development—such as Highlands or Greendale—tend to have higher prices due to their exclusivity and scarcity.

Conversely, areas with high vacancy rates or an oversupply of housing options may face stagnant or even declining prices. Understanding market trends and buyer sentiment in specific neighbourhoods is essential when evaluating investment potential.

Historical and Cultural Significance

Certain locations in Zimbabwe carry historical or cultural value, which can enhance their appeal. Neighbourhoods with colonial-era homes, unique architecture, or cultural landmarks—such as Belgravia or parts of Mutare—often retain strong buyer interest and maintain their value over time.

Properties in these areas are typically sought after by buyers looking for charm, uniqueness, and long-term appreciation.

Final Thoughts

Location remains the most influential factor in determining property value. Whether you're searching for a home that suits your lifestyle or an investment property with strong returns, evaluating the neighbourhood and its key attributes is crucial. From accessibility and infrastructure to lifestyle offerings and future development, the right location can make all the difference.

Browse listings by location on property.co.zw to find a property that aligns with your goals—and make your next move a smart one.