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Property attracts $1.1 billion

ZAMBIA’S property market has continued to post growth, attracting about US$1.1 billion worth of investments in the last four years.
Minister of Housing and Infrastructure Development Ronald Chitotela attributed the growth to increased investments by institutions such as pension funds, which have heavily invested in the real estate industry.
Investments by foreign investors also supported the growth.
Mr Chitotela said this in a speech read for him by director of human resource William Katongo at the Zamreal Property Forum held under the theme ‘Forging ahead: Developing a new agenda for prosperity is auspicious and well-timed’.
“We need to continue to build on our past achievements in developing the property market