The Real Estate market in Zimbabwe

The Real estate market is one of the fastest growing sectors in Zimbabwe. With the upward surge in population and rapid urbanization, coupled with rural- urban migration the demand for housing, residential and commercial space to let, properties to buy and to let is greater than ever. Despite the current economic situation the real estate market continues to thrive. Real estate has proved to be a more secure investment opportunity which is viable in generating consistent and worthwhile returns.

About us

Great Zimbabwe Realtors is excited to be part of the The Masvingo Business expo which is set for the 16th to the 17th of November 2023. We see this as a good interface to interact with other businesses, stakeholders and the general public to converge and talk about the real estate market and the growing investment opportunities in real estate in Masvingo and countrywide.

Masvingo has of late witnessed refreshing insurgence of new buildings in the CBD and renewals of old buildings complemented by refurbishment of the main roads leading into the City. There is a growth in residential developments as the city expands and more people invest in the property market. As the activities in the city bloom there’s an increase in opportunities for investment and growth in the Real estate market In line with the City’s’ Vision ‘An industrialized world class metropolitan city by 2030’

Great Zimbabwe Realtors is a Real Estate firm situated in the heart of Masvingo CBD. Founded in 2004, we are committed to providing our clients with premium real estate solutions benchmarked on international standards. Our services include property sales, property management and property valuations. We also provide real estate advisory services. Our Masvingo sales, valuations and property management teams travel as far as Mutare, Chiredzi and Bulawayo to service those markets. Our Harare office opened its doors to the public this year and we are excited to be of service to the northern region of Zimbabwe.

Corporate responsibility

Great Zimbabwe Realtors is actively involved in Corporate Social Responsibility (CSR) activities. We believe in Mbiti’s ‘I am because you are”. Our social responsibility expands beyond financial achievements. We have partnered with Masvingo business community to give back to society.

Bogus agents

The market has of late been flooded by individuals masquerading as Real Estate Agents. The Newsday in August reported on unsuspecting home seekers continuously losing money to bogus agents as well as land barons who are selling land which in some cases is non-existent. The Estate Agents Council (EAC) in July red flagged bogus agents, it has warned the public about proliferation of bogus agents. Great Zimbabwe Realtors urges the public to safe guard their hard earned money by dealing with registered Estate Agents. They can find a list of registered estate agents on the The Estate Agents Council (EAC) website.

Anti-money laundering

Great Zimbabwe Realtors is governed by the Money Laundering and Proceeds of Crime Act [Chapter 9:24.] We are guided by the minimum standards of Anti- Money Laundering and Combating Financing of terrorism (AML)/(CFT) measures for the real estate sector in order to guard against the risks of Money Laundering and terrorist financing. According to Financial Intelligence Unit (FIU), Money laundering refers to any act designed to disguise the illegal source of proceeds of crime to make illicit fund appear as if they came from a legitimate source. The Real estate market is exposed and at risk of being used to ‘clean dirty money” through investment in property.

Great Zimbabwe Realtors is registered with the Estate Agents Council of Zimbabwe (EAC), The Real Estate Institute Of Zimbabwe (REIZ) and The Valuers Council Of Zimbabwe. Our head office is located at 36/38 Belmont Chambers, Simon Muzenda Street Masvingo and the Harare branch is located at 10 Fereday Drive, Eastlea, Harare.

Email:admin@gzr.co.zw, sales@gzr, valuations@gzr.co.zw.

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This article was provided by Ivy Takawira representing Great Zimbabwe Realtors a real Estate based firm based in Masvingo and Harare, Zimbabwe.