Zimbabwe Property Market

The surprise move comes a few days after President Emmerson Mnangagwa told journalists that the country would have a new currency by March next year.

Zim outlaws SA Rand and US Dollar, opts for own Currency

Zimbabwe has effectively outlawed the use of a multi-currency payment system, which is seen as an attempt to stop the country's ever-rising black market exchange rate. ... Full story

Even though the Zimbabwe property market faces many challenges, it has always been characterized by a high demand and a corresponding low supply – ensuring that the market has always been very active.

A snapshot of the property market in Zimbabwe

Even though the Zimbabwe property market faces many challenges, it has always been characterized by a high demand and a corresponding low supply – ensuring that the market has always been very active. ... Full story

In Davos at the World Economic Forum, Finance Minister Mthuli Ncube said Zimbabwe is the best buy in Africa right now

Zimbabwe is the best buy in Africa right now, says Finance Minister

Zimbabwe is facing its most serious economic crisis in a decade, but Finance Minister Mthuli Ncube has promised that he will tame inflation through fiscal discipline. ... Full story

Artist impression of Sawanga Shopping Mall in Victoria Falls which is now 65% complete.

$13m Vic Falls shopping mall underway in Zimbabwe

The $13 million Sawanga Shopping Mall in Victoria Falls is well under-way and promises to offer a brighter shopping experience for local residents and tourist visiting Zimbabwe's beauty. ... Full story

If the market perception on Zimbabwe’s bond notes remains negative, Morris Hove, CEO of Property 101 foresees an increase in buyers to hedge in property particularly residential sector.

Zimbabwe’s bond notes introduction, a setback for property sector

HARARE - The decision by Reserve Bank of Zimbabwe (RBZ) to introduce a local currency known as "bond notes", equivalent to the US dollar, is set to have a major effect on the country’s real estate industry. ... Full story

PPC's Ceo Darryll Castle suggested it was business as usual on the cement site, even though the rest of the Zimbabwean economy is in a tailspin.

PPC's Zimbabwe cement plant nears completion

PPC's cement plant in Zimbabwe is on track for completion this year — with SA’s largest cement maker aiming to increase sales in the rest of Africa. ... Full story

2015 was a disappointing year for Zimbabwe’s property industry, according to Morris Hove, CEO of Property 101.

Zimbabwean property sector ready to rise

Zimbabwean real estate is set to see an influx of foreign buyers having taken up the US dollar and with the country making it easier for foreigners to buy property in the country but this will take a few years to materialize fully. ... Full story

Choppies, which acquired its secondary listing on the JSE in May, was due to expand in Zambia and Tanzania by the middle of this year but said this had been delayed by a few months.

Choppies pursues targets in spite of opening delays

Delays in opening new outlets in Zambia and Tanzania this year will not hold back Botswana’s largest grocer Choppies from achieving its 2016 growth target of operating 200 stores across sub-Saharan Africa. ... Full story

Investor appetite for cross-regional property acquisitions has increased significantly, according to CBRE Global Investor Intentions Survey 2015

Real estate investors set to increase acquisitions in 2015

Global real estate investors remain confident and their intentions are expansionary, with more than half planning to increase their acquisitions in 2015, according to a recent CBRE Global Investor Intentions Survey 2015. ... Full story

Pretoria Portland Cement (PPC) points out that it has successfully secured non-recourse project finance of over $400 million for its expansion projects, most of which are located throughout Africa.

Cement Maker determined in expanding into fast-growing Africa

South Africa's Cement giant Pretoria Portland Cement (PPC) seems to be determined to aggressively expand into fast-growing Africa. ... Full story

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