SA’s Chas Everitt Expands into Zim’s Property Mark...

SA’s Chas Everitt Expands into Zim’s Property Market

Oscar J. Jeke- Zim Now Reporter

South African real estate giant Chas Everitt International has entered Zimbabwe’s property market, targeting the growing demand for luxury residential properties amid rising diaspora investment and urbanization.

Despite Zimbabwe’s current economic challenges, such as currency instability and high construction costs, the South African firm believes there are strong opportunities in the country’s high-end property sector.

This growth is driven by wealth generated from various industries, including mining, tourism, and agriculture.

“In addition, urbanization is increasing, and there has been a surge in diaspora spending in response to the government’s policy reforms and infrastructure developments. As a result, Zimbabwe now has one of the fastest-growing property markets in Africa,” said Chas Everitt COO Barry Davies.

The company estimates that Zimbabwe’s real estate sector will be worth approximately US$85 billion in 2025, with an annual growth rate exceeding 5%, potentially reaching US$104 billion by 2030.

To capitalise on this growth, Chas Everitt is establishing an office in Harare, focusing on affluent suburbs such as Borrowdale, Mount Pleasant, and Avondale.

The firm reports increasing inquiries from diaspora investors and expatriates, with luxury rentals now commanding prices of up to US$3,500 per month for four-bedroom apartments and homes in prime areas.