Online Reporter
Remember Deketeke and Lynnet Khaka
ZIMBABWE is fast emerging as a regional powerhouse in real estate and infrastructure development, with investors and property experts describing the country as “a sleeping giant that is finally awakening.”
Speaking on the sidelines of the Lake View City tour yesterday, South African property investment expert Ms Lethabo Makgakga said the country’s property sector was witnessing unprecedented transformation.
“The property value in Zimbabwe is upgrading at a pace that is very hard to ignore,” she said.
“We are seeing new townships, modern estates and mixed-use developments that can compete with regional standards.”
The surge in real estate development is being powered by both local demand and diaspora remittances, which continue to play a central role in fuelling construction, housing schemes and urban expansion.
Ms Makgakga highlighted that infrastructural development is driving the upward trend.
“There has been a lot of work in terms of developmental corridors, roads, water reticulation systems and electricity backbones are being modernised. That creates confidence for any serious investor,” she said.
She further noted that Zimbabwe has shifted from being under-skilled to upscaling its infrastructural expertise.
“The country has managed to upskill and upscale its capacity, meaning the technical know-how and systems to support mega projects are already in place,” she said.
For Ms Tariro Zhambe a diaspora returnee and investor, said the reality on the ground sharply contradicted negative perceptions abroad.
“Things are different from what we are told. I can see a lot of development happening in Zimbabwe,” she said. “The opportunities for growth are visible everywhere, from residential projects to industrial parks.”
The investors were part of a delegation touring real estate projects in Harare and surrounding areas as more Zimbabweans in the diaspora explored avenues to channel their savings back home.
Mr Langton Machacha, another investor on the tour, said Zimbabwe is now ripe for serious investment.
“This is the time to position ourselves. The market is opening up, infrastructure is improving and property values will only appreciate from here,” he said.
With Zimbabwe’s infrastructural corridors strengthening and investor confidence steadily rebounding, the country’s property sector is positioning itself as one of the most attractive frontiers in Southern Africa.
