Online Reporter
Nqobile BhebheZimpapers Business Hub
BULAWAYO’S real estate sector is on an upward trajectory, attracting international investment and signalling renewed global confidence in Zimbabwe’s economic resurgence, Minister of State for Provincial Affairs and Devolution for Bulawayo Metropolitan Province, Judith Ncube, has said.
Speaking yesterday at the official opening of Chas Everitt International Property Group’s new offices in Bulawayo, Minister Ncube said the arrival of a top-tier international real estate brand underscored the city’s growing appeal to investors.
“This is not merely a new office, it is a powerful statement of confidence, confidence in your brand, confidence in the property sector, and most importantly, confidence in the future of Bulawayo and Zimbabwe,” said Minister Ncube.
“The decision by a prestigious national brand like Chas Everitt to invest significantly in our city is a development we do not take for granted. The property sector is a critical barometer of the economic and social health of a nation. It is intertwined with construction, banking and finance, and the fundamental human need for security and shelter.
“When the property market thrives, it signals investor confidence, creates employment and stimulates a multitude of downstream industries,” she added.
The newly launched Bulawayo branch will focus on high-end residential and commercial real estate, as well as investment opportunities targeted at the diaspora and local high-net-worth individuals.
The firm’s entry into Bulawayo follows a successful market response in Harare, with the company citing increasing demand in Matabeleland where median home prices have been steadily rising.
According to Chas Everitt, affordable properties in Bulawayo are now yielding potential returns of between 20 and 30 percent.
Minister Ncube said such growth feeds directly into the national vision for inclusive prosperity.
“The success we envision for Bulawayo is a vital piece of our country’s greatest ambition to become a prosperous, upper middle-income nation by 2030, our national mission of achieving a higher standard of living for every citizen,” she said.
“The growth we see here in Bulawayo is essential to writing that successful story for our entire nation.”
She also challenged the private sector tWatch: Bulawayo real estate boom draws international investmentestic Product (GDP), generating employment, and attracting foreign investment,” he said.
