Understanding the Zambian Real Estate Market: Trends and Forecasts for 2023

Understanding the Zambian Real Estate Market: Trends and Forecasts for 2023

Real estate trends in Zambia are influenced by various factors, including economic growth, population growth, infrastructure development, and government policies.

Forecasts

A strong self-build industry has resulted from high mortgage interest rates, which range from 16.5% to 23%. Zambians frequently buy land plots and build their homes piecemeal over a five to seven-year period.

Livingstone

Livingstone, a town in southwest Zambia near the Zambezi River, close to the Zimbabwean border, and serving as a gateway to the renowned Victoria Falls, has seen an increase in property queries, according to Pam Golding. The City has strategic benefits, including its proximity to South Africa and the existence of an international airport.

Conclusion

As we look ahead to 2023, here are some of the real estate trends and forecasts that experts predict will shape the industry in the coming years.

 

 

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