Chronicle Editor
Vuyisile Mlilo, Sunday News Reporter
REAL estate investment consultant, Mr Kura Chihota has called on collaboration between government, private sector and industry experts to identify and implement cost-effective solutions that align with the changing needs of the population, as construction costs continue to hinder real estate sector growth.
In an interview, Mr Chihota said challenges remain in addressing the housing needs of Zimbabwe’s growing urban population.
“The high construction costs continue to be a roadblock in meeting the demand for affordable housing. The future of housing in Zimbabwe will require concerted efforts from various stakeholders to create an environment that facilitates affordable and functional accommodation. As the demand continues to rise, it is crucial for the Government and other actors in the housing sector to work together to find solutions that address the construction cost issue while ensuring the availability of housing for all segments of society,” he said.
Mr Chihota said there was need for alternative building technologies that could potentially drive down construction costs.
“Instead of relying on antiquated colonial building codes, exploring options such as light steel frame or concrete shattering can result in properties with the same durability but at a more affordable price.
“Densification is being embraced in Zimbabwe’s cities as decision-makers recognise that infrastructure is limited. By utilising land more efficiently, authorities hope to accommodate the growing population. Moreover, technology has become ubiquitous in households, necessitating properties that can cater to modern needs. The inclusion of spaces that facilitate remote work has become a crucial requirement for many individuals. Demographic changes have also influenced housing preferences.”
Mr Chihota said older individuals were choosing to reside in close proximity to hospitals and amenities, leading to the emergence of modern cluster communities. While the younger people were opting to move away from expensive rental properties in urban areas and are instead exploring peri-urban regions.
“This shift has resulted in a surge in demand for peri-urban properties. The future of housing in Zimbabwe holds the potential for innovative approaches and technological advancements that can make housing more accessible and affordable to all.”
He said by prioritising alternative building technologies, densification, and considering the evolving demographics and needs of the population, Zimbabwe could navigate through the conflict between high demand and construction costs, ultimately achieving a more equitable housing market.
The country has been witnessing an influx of people flocking to the urban areas, leading to the need for space and accommodation continuing to rise.
Mr Chihota said addressing the cost of delivery and ensuring the provision of necessary infrastructure by local authorities was the crucial step for Zimbabwe to overcome the housing challenge and meet the growing demand for affordable housing options.
The country’s housing backlog is estimated at 1,5 million units and the target from the sector is to deliver 1,2 million units by 2030, while changing the face of Zimbabwe by building modern houses that are sustainable and environmentally friendly.
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