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How Zimbabweans abroad can safely invest in local real estate
Diaspora Zimbabweans represent a significant source of foreign capital for the local property market. By 2026, remittances continue to support housing investments in Harare, Bulawayo, Mutare, and growth corridors like Norton and Ruwa.
1. High-Growth Suburbs for Investment
- Harare: Borrowdale, Mount Pleasant, and Greendale remain premium investment areas.
- Bulawayo: Hillside, Famona, and Greenside attract rental demand from professionals and students.
- Emerging Corridors: Norton, Ruwa, and Marondera offer affordable land with potential for appreciation as infrastructure develops.
2. Types of Investment Opportunities
- Residential rentals: High demand from young professionals and families seeking long-term rentals.
- Short-term rentals: STRs in high-tourist locations can yield USD 1,000–1,500/month per 2-bedroom unit.
- Mixed-use developments: Combining retail, office, and residential space diversifies revenue streams.
3. Financing and Legal Considerations
Diaspora investors can purchase property in Zimbabwe, but financing options are limited:
- Most banks require 30%–40% deposits and proof of foreign remittance for equity contribution.
- Legal due diligence is critical: title deed verification, zoning compliance, and municipal approvals.
4. Expected Returns
- Average rental yields in Harare are 5%–7% per annum for residential properties, with potential for higher returns in short-term rentals.
- Property appreciation in growth corridors has averaged 10% annually over 3–5 years, particularly where infrastructure projects are underway.
Conclusion
Diaspora Zimbabweans have multiple investment avenues: long-term rentals, short-term rentals, and mixed-use projects. By targeting high-demand urban areas and emerging corridors, performing thorough legal checks, and leveraging remittance-based financing, diaspora investors can maximize returns while contributing to local housing development.
Key Stats Recap:
- Residential rental yields: 5–7% per annum.
- Property appreciation in emerging corridors: ~10% annually.
- STR monthly income: USD 1,000–1,500 for 2-bedroom units.
- Deposits required by banks for diaspora financing: 30–40%.
