Real estate development in Kenya, and to that point anywhere in the world, typically involves various types of land that can be used for different purposes.
When it comes to land that is used for the development of family oriented homes, the end product can range from single homes to apartment complexes with retail spaces on the ground floor. There is no end to the variety of residential properties that are designed and built in this day and age.
Commercial buildings like shopping centers, malls, and standalone stores require specific planning permission to fulfill the desired outcome. Office buildings, which range from the small single unit to entire buildings have similar requirements to meet as regards local authorities and building controls.
Warehouses, distribution centers, industrial plants, factories, heavy manufacturing facilities, ranching, or forestry purposes, parks, sports complexes, golf courses, and other recreational developments all come under the commercial development category.
Each type of land comes with its own zoning, environmental considerations, and development potential, which developers need to account for when planning projects.
Why Buy or Invest in New Real Estate Developments in Zimbabwe.
Zimbabwe has seen efforts to stabilize its economy and boost infrastructure. The country is slowly recovering from past challenges, which can make real estate investments more attractive as the economy improves.
Real estate provides a good diversification opportunity for investors seeking to spread their risk across different asset classes. With a growing market in Zimbabwe, real estate can act as a hedge against inflation or currency volatility.
Zimbabwe is home to major tourist attractions like Victoria Falls, which boosts the demand for hotels, resorts, and other hospitality-related real estate developments. This could be a lucrative area to consider for investors focusing on the tourism and hospitality industry.
Zimbabwe offers opportunities for foreign direct investment (FDI), with foreign investors allowed to own property under certain conditions. This can appeal to those looking to invest in the African market without heavy restrictions on foreign ownership.
