All set for Zim property investment forum
This year’s edition of Zimbabwe’s premier property investment forum – ZIMREAL will be held in Harare on September 07, 2022, Harare bringing together local and international stakeholders in the sector.
Over 150 stakeholders are expected at the conference including local Government, property developers, real estate agents, legal practitioners, financiers retail and hospitality experts.
This year’s conference will run under the theme ‘Zimbabwe 2022 A New Horizon’ which will open the floor for discussions about exploring opportunities in various subsectors.
Despite facing challenges including limited infrastructure development, currency fluctuations, liquidity and construction material challenges, the property sector has remained resilient and the upcoming conference will be a catalyst for opportunity to spur growth in the country.
“The uniqueness of ZIMREAL is that it covers emerging global issues and ties them to what is happening in the local Zimbabwean context,” said Mashonaland Holdings managing director, Gibson Mapfidza.
“It provides real estate investors with key market insights on how to ensure successful property investment. Sharing of market information improves efficiency across the inherently fragmented and inefficient market,” he added.
West Property chief marketing and sales officer, Marilyn Mosha, said she anticipates the summit to provide a balanced assessment of the state of the property sector and insights into the future.
“Coming out of the Covid-19 pandemic, there is a growing shift towards bigger spaces and outdoor living areas for a better quality of life to enable people to work from home.
“Having a home has become an even more important investment and when you have a convergence of private and public companies, insurance and pension funds, and property developers in one room, you can expect workable pathways towards meeting demand,” she said.
According to the ZIMREAL event organisers, API Events, industry players should use the conference to seize opportunities emerging across multiple sub-sectors.
“Zimbabwe’s real estate landscape is diversifying and there is a lot interest in the country as an investment destination. For example, the first ever Real Estate Investment Trust (REIT) is set to be listed on the Zimbabwe Stock Exchange this year, and that will unlock immense value for institutional and individual investors as well as help drive economic activity,” API said.
Apart from REITS, the conference will explore ways to address the long-standing need for affordable quality housing, the investment case for suburban retail property developments, accelerating new development nodes outside central business districts (CBDs), and the future of hotel and tourism real estate. Delegates from internationally recognised companies such as Hilton, IFC, Radisson, Old Mutual, Standard Bank and Profica are expected to be in attendance to network and learn from local property professionals.-ebusinessweekly
