Requests

Flats & Apartments for Sale in Zimbabwe

41 - 60 of 482 properties
Quick Filters:
View results on map
Get email alerts
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
Well maintained, modern and spacious 3 bedroomed flat with main ensuite all bedrooms with built-in cupboards, modern fitted kitchen, open plan lounge and dining opening up to the balcony, common toilet and bathroom in a secure complex with the following ancillaries: -Storeroom -Spacious paved yard -Single carport - Communal Borehole -5000lt water tank on stand -Communal swimming pool well-run association -reliable ZESA -
Add to favourites

Great Location -Upper Avenues

Avenues, Harare CBD
Bedrooms 3 Bathrooms 2 154 m²
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
Beautiful 3-Bedroom Cluster in the gated community of Peakwood. Newly listed is this property with an inviting entrance hall leading to a spacious lounge and separate dining area. The modern fitted kitchen is perfect for culinary enthusiasts! Comes with a large main bedroom with an ensuite and dressing area, plus another ensuited bedroom. This home also features a combined toilet and bathroom, along with a 5000-litre water tank for convenience. Ideal for families looking for comfort and style...
Add to favourites

Peakwood (Greendale) Morden Cluster For Sale

Greendale, Harare East
Bedrooms 3 Bathrooms 3 350 m²
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
Well-Built 3-Bedroom Duplex with Solar Backup & Water Tank This solidly structured duplex offers spacious, functional living in a quiet setting. The ground floor features an open-plan kitchen, combined dining and lounge area, one bedroom, and a handy storeroom. Upstairs, two well-sized bedrooms share a combined bathroom and toilet. Property Features: 3 Bedrooms (1 downstairs, 2 upstairs) Open-plan kitchen, dining & lounge area Combined bathroom and toilet Storeroom for extra storage Solar backup power system 5,000L water tank for added convenience
Add to favourites

Your ideal property!

Marlborough, Harare West
Bedrooms 3 Bathrooms 1 100 m²
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
Designed with style! This modern townhouse constructed by an experienced developer is not to be missed. Situated on Princess Drive, Newlands with 14 units. This particular corner unit set on 900 sq m offers a large garden area. Under roof space of 225 sq m. Light and space is the huge attraction to this townhouse. The living rooms has high ceilings and is open plan to the kitchen, featuring a spiral staircase to the mezzanine floor, ideal for a home office or TV room. Living room has sliding doors to the large covered verandah and private walled garden. Being a corner unit the property has a wrap around verandah. Kitchen is fitted with an electric oven plus a gas oven and gas hob on the central island. Adjacent to the kitchen is a separate large scullery and laundry. This rooms offers plenty of extra storage with double sinks, dishwasher and washing machine plus space for i...
Play video
Add to favourites

Cornet Unit - Large Garden - Modern Townhouse

Newlands, Harare North
Bedrooms 3 Bathrooms 2 225 m²
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
Nestled in a complex of 4 units, with 3 owners (2 stay in) share transfer, Property Highlights: 1 X2-bedroom garden flats (A CORNER UNIT LEFT FOR SALE) - MAIN EN-SUITE - spacious open plan lounge cum dining and fitted kitchen Key Features: - Reliable backup solar system - Prolific borehole ensuring consistent water supply - water tanks - securely walled with electric gate for peace of mind - Dedicated garden space perfect for outdoor entertaining and barbeques with family - Serene and picturesque setting for creating unforgettable memories - ALREADY ON AIRBNB This garden flat is perfect for a downsizer or investor looking to acquire good assets. PRICE INCLUDES FURNITURE (optional - you may choose not to take the furniture, but it doesn't reduce the expected selling price of anything above $165,000)
Play video
Add to favourites

Spacious 2 Bedroomed Unit Nestled In Quinnington

Quinnington, Harare North
Bedrooms 2 Bathrooms 3 95 m²
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
2 Bedroom Garden Flat
Situated in a well-maintained complex in Hume Park with 24/7 security, these charming garden flats offer comfort, convenience, and peace of mind. Buyers have a choice of two units to purchase, each featuring a spacious lounge and dining area, fitted kitchen, main bedroom with ensuite bathroom, plus an additional bathroom and separate toilet. The complex is fully walled and gated, serviced by a borehole, and includes a carport for each unit. A perfect lock-up-and-go option in a prime, secure location.
New
Add to favourites

Garden Flats for Sale – Secure & Convenient Living

Hume Park, Bulawayo East
Bedrooms 2 Bathrooms 2
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
Located just a minute away from Highlands Park is a very beautiful complex in a very serene and quiet neighbourhood.The complex will have 8 duplex units each seating on a land size of about 500 Sqm.The units seat on 400 Sqm floor area and each features 4 bedrooms, 4 bathrooms, kitchen, scullery, pantry, lounge, dining, maids room,guest toilet, entertainment area and double lockup garage.The units are very beautiful and have very spacious bedrooms with some having balconies.The backyard is quite sizeable and the complex is pet friendly. The main bedroom is very big with his and hers closets and a full bathroom.The units are very modern and offer luxury living.Payment terms are accepted in this manner: The first unit constructed with the pictures attached can take 60-70% deposit and balance in 6-10 months and the other ones which havent been constructed yet will take 30% deposit and bal...
Add to favourites

Highlands Stand Alone Duplex Cluster units for sale near Highlands Park

Highlands, Harare North
Bedrooms 4 Bathrooms 4 400 m²
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
Houses for Sale Townhouses & Complexes Harare Harare South Arlington $130 000.00 4Bed, 2-Bath Townhouse Complex for Sale in Arlington, Harare South Arlington, Harare South, Harare 4 3 150 m² 386 m² Step into a world of comfort and charisma with this stunning 4-bedroom townhouse eith 3beds on thr ground floor and a guest bedroom beinb on the 1st floor.Nestled in an environment of tranquility and charm, the complex is all about bringing a smart, stylish, and sophisticated living experience for the modern family. Covering a generous land area of 386m² and a building area of 150m², the space is crafted with precision and a keen eye for detail. Each townhouse comes complete with 2dazzling bathrooms and utility spaces designed for maximum convenience. The large master suite is a perfect retreat that boasts an ensuite bathroom. The three other bedrooms are spacious and...
Play video
Add to favourites

New on the market

Arlington, Harare South
Bedrooms 4 Bathrooms 2 386 m²
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
Located along the prestigious Trinity Road in Greendale, this double-storey cluster shell house offers a rare opportunity to own a near-complete modern home in a secure gated community. Sitting on 450 square meters, the property features 4 spacious bedrooms all en-suite, a double garage, open-plan kitchen, dining and lounge area, plus a cozy pyjama lounge. With four balconies providing stunning views of the neighborhood, the home is already 90% complete and can either be finished by the seller or tailored to your personal preferences. The property comes with essential services including ZESA, sewer, tarred roads, and a borehole, and is available through developer cession.
Add to favourites

Customize to Your Taste ,Modern Luxury Shell Cluster in Greendale

Greendale, Harare East
Bedrooms 4 Bathrooms 4 450 m²
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
Dont miss this rare opportunity to own a generously sized, secure apartment with sweeping views over Harare Sports Club and the lush Avenues area. A private elevator takes you directly to the 7th floor, where you're welcomed by a bright and airy open-plan lounge and dining areaperfect for relaxing or entertaining. The well-appointed kitchen includes a separate scullery and is conveniently located off the main passage, along with a guest toilet. Flexible living continues with a separate office or second lounge to suit your lifestyle. The main bedroom features a spacious walk-in wardrobe and a modern en suite bathroom. Two additional bedrooms share a full family bathroom, offering plenty of space for family or guests. The balcony wraps around the apartment with a jacuzzi where one can sit and relax and enjoy the sunset. Situated in a meticulously maintained apart...
Add to favourites

Spacious 7Th Fl Penthouse Apartment - Northfields

Avenues, Harare CBD
Bedrooms 4 Bathrooms 2 1 m²
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
Century City Cluster Homes, located in Greendale along Rhodesville Ave, offers modern, smart living in a secure gated community. These contemporary homes feature four spacious bedrooms, an open-plan lounge and dining area, and a sleek, modern kitchen — all designed for comfort and convenience. With high-tech 24-hour security, reliable water and solar systems, and ready-to-move-in finishes, residents enjoy a hassle-free lifestyle in a vibrant, family-friendly environment.
Add to favourites

Century City Cluster Smart Homes

Greendale, Harare East
Bedrooms 4 180 m²
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedrooms lounge kitchen bathroom and toilet.
Add to favourites

Eastivew Garderns Flat for sale

Eastlea, Harare East
Bedrooms 2 Bathrooms 1 200 m²
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
George Square Mews, an upmarket cluster house development comprising 38 units on varying land areas from 231 square metres to 418 square metres. The single storey units comprise verandah, combined lounge/dining-room with jetmaster fireplace, fitted kitchen, three bedrooms with built-in cupboards, two bathrooms with the main en-suite and a carport. US$ The split-level units comprise on the ground floor verandah, combined lounge/dining-room with jetmaster fireplace, fitted kitchen, two bedrooms with built-in cupboards, two bathrooms with the main en-suite and a carport. The lower ground floor with a main bedroom with en-suite bathroom, double volume lounge and a study with a toilet/shower-room.
Sole Mandate
Add to favourites

George Square Mews,

Arcturus, Greendale, Harare East
Bedrooms 3 Bathrooms 2 120,150 m²
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2 Bedroom Flat & Apartment
2beds duplex flats both with ensuites , balcony and a garden .sold as a (shell) along greendale Avenue ,700m from Honeydew food lovers, prime area ,reduced to 110k , offplan
Reduced
Add to favourites

2bed duplex flats along greendale Avenue, 110k,shell , offplan,

Greendale, Harare East
Bedrooms 2 Bathrooms 3 200 m²
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
Accessible, Secure, massive, family units 11 kilometres from the CBD, in close proximity to all the amenities: Harare International School, North Park, Arundel and Gateway schools, Arundel Shops, Arundel Medical Centre, Arundel Commercial /Office Park and sports clubs. Each Cluster unit measures approximately 700 square metres and floor plan is 206 square metres and offers: front partio, Spacious family lounge, dining, modern fitted kitchen open plan, 3 bedrooms with built-in cupboards (BICs), 2 bathrooms, main ensuite, ensuite guest bedroom, passage with linen cupboards, back partio, on-site parking for two vehicles, big garden. 2.4 metre security wall
Add to favourites

Upmarket Cluster Development in Serene and Secure Neighbourhood.

Mount Pleasant, Harare North
Bedrooms 4 Bathrooms 3 206 m²
Follow us on Social Media
Flat & Apartment
Flat & Apartment
Flat & Apartment
Flat & Apartment
Flat & Apartment
Conveniently located at 29 Borrowdale Road, The Frontier is positioned within close proximity to all of Harare’s key amenities – top schools, shopping centres, business hubs and healthcare facilities. The site offers both tranquility and unparalleled access, a combination that is becoming increasingly rare in such a well established area. The Frontier combines residential stands (500 m2 to 750 m2) that have 8 optional plans available to self-build by the purchaser, as well as luxury 1 & 2 bedroom apartments that will be built by the developer, Vesta Properties. The project includes unique features such as a private gym, gazebo, entertainment area and office space. 1 BED APARTMENTS These luxurious 1-bedroom apartments, are designed for comfort and convenience. SPECIFICATIONS 1 bed, 1 bathroom Size 44 m2 Ground floor garden up to 150 m2
Add to favourites

Luxury 1-Bed Apartment complex in Borrowdale

Borrowdale, Harare North
Bedrooms 1 Bathrooms 1 44 m²
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
3 Bedroom Flat & Apartment
Located in Highlands, near the Harare CBD and close to the convenient Glenara road, in a secure and gated community along Sloane Road are these 3 bedroomed luxury apartments, ideal for a small family or the discerning young professional. The apartments comprise of 3 bedrooms , 2 bathrooms ( main en-suite), open plan lounge and dining area with a modern fitted kitchen. Selling of plan and construction to be completed by April 2026. Asking price of 175 000usd Book for your viewing now! Skhu Portia
New
Play video
Add to favourites
Bedrooms 3 Bathrooms 2 120 m²
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
3 Bedroom Garden Flat
On offer is this three bed garden flat in the heart of Strathaven in a complex of 16 modernised units. The unit which is 95% complete, has 3 bedrooms, it also has a Master en suite with a toilet, tub and shower, combined guest/family bathroom and toilet, open plan combined dining, modern kitchen and lounge. Tiled interior. The complex which will be a 24/7 monitored gated property has a borehole, 40,000 liter water tanks and a communal swimming pool and entertainment area. A lifetime investment opportunity!! Expected rental per month is estimated to be between USD$1,000 - USD$1,200 Call Alexio today for more information.
Play video
Add to favourites

Morden 3 Bed Garden Flat for Sale in Strathaven

Strathaven, Harare West
Bedrooms 3 Bathrooms 2 150 m²
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
4 Bedroom Flat & Apartment
Smart Homes For a Modern Living Location: Marlborough Unbeatable Accessibility: - 5 minutes to Westgate Shopping - 15 minutes to Cyber City - 15 minutes to Harare City Centre Family-Friendly Neighborhood: - Schools within 1 km - Crèche within 1 km Luxury Features: - 4 spacious bedrooms, 3 en-suite - Open-plan lounge, dining, and kitchen - Master bedroom with balcony access - Home automation for lighting, appliances, and energy efficiency - Lock-up garage and carport space for 2 additional cars Unit Details: - Stand size: approximately 400 sqm - Living space: 242 sqm
Add to favourites

4 Bedroomed Smart Homes

Marlborough, Harare West
Bedrooms 4 320 m²
Flat & Apartment
Flat & Apartment
Flat & Apartment
Flat & Apartment
Flat & Apartment
Flat & Apartment
Flat & Apartment
Flat & Apartment
Flat & Apartment
Flat & Apartment
Flat & Apartment
Flat & Apartment
Flat & Apartment
Situated within the heart of Avondale on Wakefield Road. A ground floor flat consisting of 1 bedroom, 1 bathroom, lounge and kitchen. Both balconies have been enclosed which can be utilised as extra bedrooms, an office or a dining room. The flat is in a well-kept, tidy complex and comes with a carport and a communal borehole
Reduced
Add to favourites

Easy Living, Affordable and Convenient

Avondale, Harare North
Bedrooms 1 Bathrooms 1 80 m²
Property Alerts

Property alerts

Be the first to see new properties for sale

Home Buyer's Checklist | Read now
Join our community

Important Features

Types of Flats & Apartments

Provinces in Zimbabwe

What is the average price of flats & apartments for sale in Zimbabwe?

Property Size Avg. price
1 bedroom (View 33 properties) $52,500
2 bedroom (View 148 properties) $90,000
3 bedroom (View 202 properties) $160,000
4 bedroom (View 74 properties) $250,000
5+ bedroom (View 16 properties) $430,000

Articles relating to Flats & Apartments for Sale in Zimbabwe

How to Evaluate a Property’s ROI in Zimbabwe: A Step-by-Step Guide

Property investors must calculate Return on Investment (ROI) by dividing Net Annual Income (rental income minus expenses) by the Total Investment Cost. A good

Understanding Property Taxes and Exemptions in Zimbabwe: A 2025 Investor’s Guide

Learn about property taxes in Zimbabwe rates, stamp duty, capital gains, exemptions, and reliefs to maximize your real estate investment in 2025

The Process of Registering Agricultural Land in Zimbabwe: 2025 Guide for Investors

Learn the 2025 process of registering agricultural land in Zimbabwe: steps, fees, surveys, and tips for investors to secure legal ownership

Zimbabwe Property Market Trends 2025: Insights, Opportunities & Investment Outlook

Zimbabwe's $11 billion property market is projected to grow by 5% in 2025, driven by strong urban housing demand, infrastructure projects, and a surge

Investing in Commercial Property vs. Residential Property: Which Is the Better Option in Zimbabwe?

Commercial property investment offers higher rental yields (8–12%) and long-term appreciation but demands larger capital and carries greater economic risk