Buying Property in Zimbabwe: USD vs ZIG – Which Currency Offers Better Value in 2025?

The big question on every property buyer’s mind in Zimbabwe right now is: “Should I buy real estate in USD or ZIG?” With the real estate market showing signs of steady growth—total transactions up by 12% in the first half of 2025 compared to 2024 choosing the right currency is not just a financial decision but a strategic one.

This article breaks down the advantages, risks, and practical realities of buying property using either USD or ZIG (Zimbabwe Gold), helping you make an informed decision whether you’re a homebuyer, investor, or developer.

1. Zimbabwe’s Real Estate Market Snapshot 2025

• Median house price in Harare (Borrowdale): USD 180,000 / ZIG 450,000
• High-density suburbs (e.g., Budiriro): USD 35,000 / ZIG 87,500
• Property listings in USD: 70% of total listings on Property.co.zw
• ZIG transactions: Rising slowly, making up 15% of formal sales in Q2 2025

2. The Case for USD Property Transactions

Advantages:

• Stable Purchasing Power: The USD remains the currency of choice for large property deals, shielding buyers from ZIG’s short-term volatility.
  
• Internationally Accepted: Developers and sellers in areas like Borrowdale, Gunhill, and Victoria Falls prefer USD due to its reliability.
  
• Easier Mortgage and Loan Structuring: Banks such as CBZ and FBC offer USD-denominated mortgage products with fixed interest rates starting at 8.5% p.a.
  

Challenges:

• Requires full foreign currency access or offshore funding.
  
• High upfront capital requirements.

3. The Case for ZIG Property Transactions

Advantages:

• Increased Local Usage: ZIG is now mandatory for certain government taxes and has official backing for formal transactions.
  
• Lower Entry Barrier: Developers in upcoming suburbs like Sunway City and Damofalls are offering ZIG payment options with flexible terms.
  
• Tax Incentives: The government has reduced capital gains tax for ZIG-based transactions by 10% in 2025 to encourage local currency usage.
  

Challenges:

• Currency Risk: ZIG depreciated 6% against the USD in Q1 2025 though this is an improvement from 2024 levels.
  
• Seller Reluctance: Most prime properties remain listed in USD only.
  

4. Buyer Behaviour Trends on Property.co.zw

According to Property.co.zw search data (May 2025):

• USD property searches account for 78% of total traffic.
  
• Listings priced in ZIG have seen a 25% increase in views, especially in newly built units in Chitungwiza, Ruwa, and Norton.
  
• Young first-time buyers under 35 are showing growing preference for ZIG-based deals due to affordability.

5. Expert Views from Local Agents

• Legacy Real Estate: “While USD transactions remain dominant for high-end properties, ZIG is gaining acceptance in medium to low-density suburbs. We expect ZIG sales to rise to 25% by late 2025.”
  
  
• Khalida Real Estate: “Developers in the Harare South corridor are leading the ZIG push. However, high-net-worth buyers will stick to USD in the foreseeable future.”

6. So, Which Currency Should You Choose in 2025?

7. Final Thoughts: What's Best for You?

• For Luxury or Long-Term Investment? Stick to USD greater stability and resale value.
  
  
• For Affordable or Entry-Level Property? Explore ZIG options, especially in upcoming developments.
  
  
• Mixed Strategy? Some buyers are opting to pay deposits in ZIG and balance in USD especially for off-plan projects.
  

Conclusion

As Zimbabwe’s property market evolves, so do its currency dynamics. While USD remains king, ZIG’s relevance is growing, especially in government-driven housing schemes and new suburban projects.

Before deciding, always consult reputable agents listed on Property.co.zw and compare USD vs ZIG options to get the best value in 2025.

Frequently Asked Questions (FAQs)

Q1: Can I get a mortgage in ZIG?
Not yet widely available, but microfinance lenders are piloting ZIG-denominated housing loans.

Q2: Are ZIG transactions riskier?
Yes, due to currency volatility—but government incentives may offset some risks.

Q3: Which areas accept ZIG property deals?
Primarily in Ruwa, Chitungwiza, and new developments in Harare South.