Online Reporter
Nqobile Bhebhe,Zimpapers Business Hub
CHAS Everitt International Property Group, one of Africa’s leading real estate firms is expanding into Bulawayo driven by a surge in diaspora community property inquiries, marking a major vote of confidence in the city’s untapped property market.
This comes just six months after the company’s successful launch in Harare, a development the firm says underscores its confidence in Zimbabwe’s property sector and its strong growth prospects.
“This strategic move comes just six months after the company’s highly successful launch in Harare and underscores its firm commitment to and confidence in the Zimbabwean property market’s robust growth potential,” the firm said in a statement.
The new Bulawayo office, located in the city’s central business district, will focus on high-end residential properties, commercial real estate, and investment opportunities, particularly targeting diaspora investors and local high-net-worth individuals.
The company said the decision to expand into Bulawayo was informed by both market reception in Harare and the growing demand in Matabeleland, where median home prices in Bulawayo are steadily rising and affordable properties are offering potential returns of between 20-30 percent.
Mr Barry Davies, Chief Operating Officer of Chas Everitt International, said the group’s assessment of Zimbabwe’s economic fundamentals gave it confidence in the long-term prospects.
“Our initial foray into Zimbabwe was based on a clear-eyed assessment of the underlying economic drivers here — growth in mining, tourism, and agriculture is creating substantial wealth and attracting significant investment,” said Mr Davies.
“The response in Harare has unequivocally confirmed our thesis. Expanding into Bulawayo within six months is not just an opportunity; it is a strategic necessity to serve the entire market ecosystem and the growing number of diaspora inquiries we are receiving for properties across Zimbabwe’s major cities.”
Mr Davies added that the Minister of State for Provincial Affairs – Bulawayo Judith Ncube, is set to officially launch the new office early next month.
The firm noted that Bulawayo, a key industrial hub with cultural significance, is experiencing its own property renaissance.
The Bulawayo office will initially target premium suburbs such as Khumalo, Hillside, and Famona, where demand remains strong. Property prices in Khumalo alone have risen by 12 percent in the past two years.
Suburbs such as Burnside and Riverside are also on the radar, with values appreciating by 10-15 percent over the past five years, making them attractive for rental and long-term investment.
Chas Everitt said nearly half of its Zimbabwean inquiries come from the diaspora community seeking secure, high-yield investments in the country.
Mr Davies said the Bulawayo expansion was designed to directly meet this demand.
“We see immense, untapped potential in Bulawayo. There is a profound desire for international-standard property services and a clear demand for quality housing from a returning professional class and diaspora investors.
“We are not just selling houses; we are facilitating investment into Zimbabwe’s future by connecting a global audience with local opportunity.”
The group specialises in residential, commercial, industrial and agricultural property, offering expert sales, rental, valuation and property management services.
