REAL ESTATE IN ZAMBIA
Property Market in ZambiaZambia's population of over 17 million people and growing at annual rate of close 2.9% has created a steady demand for property, be it residential, retail or office. This demand has been on an upward trajectory since early 2000's. With a combination of both local and international market participants, Zambia's property market remains one of the most active property markets in the Southern African Region. Key drives include robust expansion programs by the Zambian Government that has attracted investors from regions such as America, Europe, Asia and Africa, a stable currency, an expansionary industrial base and multinationals setting base in Zambia. Property development has mainly been concentrated in urban areas such as Lusaka, Ndola, Kitwe, Livingstone, Chingola, Solwezi, and Mongu. Most of the deals concluded include, new development, re-development, rent to own, rent, and sale transactions.
Zambia boosts of a stable political environment with peaceful transition of power since the country gained independence. The country has property protection rights enshrined in the constitution and enforced. With land rights of up to 99 years, Zambia has one of the most generous access to land rights when compared to most African countries. The country also has a stable currency, the kwacha with easy conversion to other major regional and international curries. Zambia has a well-developed road network, which makes easy movement for people and goods. The country has a stable supply to key raw materials and an abundant supply of labour. The country is strategically located and is neighbour to 9 other countries which creates a stable market for final products.
What we offer as Broll Zambia
Our specialist teams offer particular areas of expertise in the following sectors:
- Investor Services
- Property Management Services
- Facility Management Services
- Retail Broking Services
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