NANCY MWAPE, Lusaka
ZAMBIA’S real estate sector is geared for a boom as it leverages off opportunities in the steadily growing economy, Africa Property Investment
(API) Events has said.
Latest research figures indicate that during the first quarter of this year, the country had an economic growth of three percent, driven by activity in the mining, information and communication and financial services sectors.
Company managing director Kfir Rusin said the predication for growth is backed by the latest data.
Mr Rusin said the country has also seen improvements in macroeconomic conditions, as reflected by the appreciating currency and falling inflation.
This is contained in a statement availed to Daily Mail this week.
He said there are a number of new opportunities in the Zambian market for both investors and developers.
“Realising this will, however, require clear commitment and bold steps from both the private and public sectors if Zambia is to leverage the full potential of its real estate sector to drive domestic growth and regional integration,” he said.
Meanwhile, API will host the second annual ZamReal Property Forum next month scheduled to attract over 250 delegates and 100 companies.
Mr Rusin said the one-day forum will bring together both local and regional developers, investors, government ministries, financiers and construction majors looking to expand their real estate businesses in the market.
The ZamReal provides the perfect platform for initiating dialogue between Zambia’s private and public sectors aimed at setting the country on a new growth path.
“The co-ordination of public infrastructure development with local and global real estate investment presents Zambia with an opportunity to re-invigorate the country’s commercial and residential real estate, as it positions itself as a regional logistics, communications and connectivity hub,” he said.
The event will be held under the theme: ‘Unlocking real estate financing, the development of robust public private partnerships, insights into opportunities offered by the multi-facility economic zone and the implications of new copper belt growth nodes.’
The forum will examine the opportunities driven by innovative technologies and end-user financing structures aimed at meeting Zambia’s currently undersupplied affordable residential real estate market.