With the current hullabaloo about Zimbabwean deportees returning home with nothing to show and probably little or nothing to look forward to, it has become pertinent for those in the Diaspora to think about investing in some property to prepare for when one returns or for other unforeseen eventualities.
The media is awash with the story of the so-called “undesirable” Zimbabweans being deported back from the United Kingdom after many years of working abroad. When these people landed in the UK ages ago, some of them totally ignored the importance of investing back home, while others considered themselves as Non-Zimbabwean, vowing to marry, raise families and retire in foreign lands.
But their predicament is an eye-opener for those Zimbabweans who are still legally in the UK and other countries such as South Africa, the United States of America, Australia and New Zealand, among others. Buying commercial and residential land back home whilst working in the diaspora has always been an ideal safe option to take when considering Investing back home.
When someone has invested back home in real estate they are guaranteed that their property in most cases appreciates value. When they face the unexpected deportation, they have a property to consider as a fallback investment package in the unfortunate event of deportation.
Below we tackle some important and useful pointers for Zimbabweans abroad to think about when planning to buy a property in Zimbabwe;
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| Building in Zimbabwe |
Below we tackle some important and useful pointers for Zimbabweans abroad to think about when planning to buy a property in Zimbabwe;
Firstly, consider buying a house or commercial property through a reputable and registered real estate company in Zimbabwe. This way, one benefits from engaging in legitimate deals, above-board processes of transfers and ownership verification, among others.
Secondly, when buying properties sold by private individuals, go for verified properties to avoid losing huge sums of money to fake sellers. You can get verified properties from registered real estate companies or reputable Real Estates Directories such as Property Advertising ZW, who verify listings by checking deeds, ownership documentation and council paperwork to ensure the property listed is genuine.
Zimbabweans in the diaspora can consider buying houses in major cities across Zimbabwe and converting them into student accommodation. With the hopes that the current Covid-19 situation will one day improve and life returns to some kind of normal, it is anticipated that university students across the country will go back to study and would want to live close to their institutions of learning. For example, one can develop student accommodation in Gweru, targeting Midlands State University students; in Masvingo, targeting Great Zimbabwe University students, in Chinhoyi targeting Chinhoyi University of Technology students; in Mt Pleasant targeting University of Zimbabwe students, in Mutare targeting Africa University Students and many other towns where colleges and universities exist.
There are also vast private agro-land investment options available, whereby foreign-based Zimbabweans can consider buying semi-urban plots and focus on long-term cash-generating projects like chicken poultry, piggery, mushroom and vegetable farming.
Another option to consider will be to buy an old flat, modernize it with furniture, Wi-Fi, security features and list it as a short stay accommodation on international sites such as Airbnb, TripAdvisor and Property Advertising Zimbabwe, to attract incoming visitors to Zimbabwe, or diaspora-based Zimbabweans visiting the country.
Zimbabweans in the Diaspora need not spend their lives and hard-earned money building the economies of foreign lands, while their backyard is in shambles. Opportunities exist in abundance in the real estate sector in Zimbabwe and those abroad can prepare for life after the diaspora by making hay while the sun still shines.
Secondly, when buying properties sold by private individuals, go for verified properties to avoid losing huge sums of money to fake sellers. You can get verified properties from registered real estate companies or reputable Real Estates Directories such as Property Advertising ZW, who verify listings by checking deeds, ownership documentation and council paperwork to ensure the property listed is genuine.
Zimbabweans in the diaspora can consider buying houses in major cities across Zimbabwe and converting them into student accommodation. With the hopes that the current Covid-19 situation will one day improve and life returns to some kind of normal, it is anticipated that university students across the country will go back to study and would want to live close to their institutions of learning. For example, one can develop student accommodation in Gweru, targeting Midlands State University students; in Masvingo, targeting Great Zimbabwe University students, in Chinhoyi targeting Chinhoyi University of Technology students; in Mt Pleasant targeting University of Zimbabwe students, in Mutare targeting Africa University Students and many other towns where colleges and universities exist.
There are also vast private agro-land investment options available, whereby foreign-based Zimbabweans can consider buying semi-urban plots and focus on long-term cash-generating projects like chicken poultry, piggery, mushroom and vegetable farming.
Another option to consider will be to buy an old flat, modernize it with furniture, Wi-Fi, security features and list it as a short stay accommodation on international sites such as Airbnb, TripAdvisor and Property Advertising Zimbabwe, to attract incoming visitors to Zimbabwe, or diaspora-based Zimbabweans visiting the country.
Zimbabweans in the Diaspora need not spend their lives and hard-earned money building the economies of foreign lands, while their backyard is in shambles. Opportunities exist in abundance in the real estate sector in Zimbabwe and those abroad can prepare for life after the diaspora by making hay while the sun still shines.
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For All Your Building and Construction Services Contact Us:
1. Call Office: +263 71 951 7695
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