Online Reporter
Nelson Gahadza
THE property market remains a top choice for investors seeking value preservation, with the sector demonstrating resilience on the investment front, despite limited long-term financing options, a sector player has said.
Listed developer, Mashonaland Holdings, in its 2024 annual report, said the market saw continued investments into residential and retail property segments, which offer a lower market risk due to high occupier demand.
“The growing informal sector of the economy continues to strengthen demand for miniature retail spaces in central business districts (CBD) and suburban locations.
“Property owners are responding by transforming their buildings into smaller units to meet the needs of small and medium-sized enterprises (SMEs),” said Engineer Grace Bema, the group’s chairperson.
She said the property market continued to witness demand for high-quality living spaces, driven by the growing urban population in the country.
“Emerging trends also indicate that property investors are preferring to invest in hospitality real estate in attractive tourism destinations in the country.
“This sector is forecast to record significant investments in the short to medium term as investors are looking to capitalise on an ageing hospitality sector offering in the country,” said Eng Bema.
Peter Tanyanyiwa