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While the initial impact of COVID-19 is still present, Zimbabwe's real estate market offers compelling investment opportunities for individuals and businesses alike. Real estate provides benefits like strong returns, steady income, a hedge against inflation, and long-term capital appreciation.
Investment Options:
- Residential: This includes houses, flats, and apartments. You can target owner-occupiers or renters for income generation. Strategies like flipping, subdivisions, and land development for residential units remain viable.
- Agricultural Land: With renewed interest in agriculture, there's a demand for land suitable for both farming and potential future homes (agro-residential plots).
- Commercial (Retail & Office): Urbanisation is driving the need for suburban retail and services. Consider pre-leasing opportunities in new or established neighbourhoods with growth potential. Location, demographics, and income levels are crucial factors. Repurposing or refurbishing well-priced CBD buildings, especially low-rise ones, can be lucrative due to high retail leasing demand.
- Industrial & Warehousing: The rise of e-commerce, logistics, and agro-businesses creates opportunities for acquiring, developing, or redeveloping light industrial properties and warehouses. Look for properties suited to these sectors, considering the growth of online businesses and platforms like classifieds.co.zw. Growing agricultural output also fuels demand for warehousing, as evidenced by the launch of the ZMX commodity exchange platform. Many existing industrial and warehousing properties can be refurbished and leased for rental income.
- Hotel & Tourism: Despite recent challenges, the tourism sector is expected to recover strongly. Opportunities exist in spatial developments in Victoria Falls, Kariba, Binga, Hwange, and Kanyemba, and even redevelopment potential in the Harare CBD for alternative uses. Zimbabwe remains a top tourist destination with significant potential.
Finding Properties:
Explore available options across these categories on property.co.zw.
Remember:
- Conduct thorough market research to understand specific opportunities and risks.
- Seek professional guidance from real estate agents and legal advisors.
- Consider the economic climate and potential future trends.
By carefully evaluating these factors, you can make informed investment decisions and capitalise on the exciting prospects of Zimbabwe's real estate market.
