Property Sector to Increase Overall GDP Prospects and Create Jobs
Zambia is one of the most accessible and investor-friendly countries in which to conduct real estate business in Sub-Saharan Africa. This is evident from the considerable number of foreign and Pan-African investors who have developed and invested in various large-scale projects across Zambia.
Despite the commodity slump and uncertainty surrounding the recently held elections, there has been substantial growth in real estate investment from both local and regional investors. ‘We have seen numerous transactions over the last 12 months with companies such as Mara Delta, SA Corporate, Quantum Global, African Life, FQML and Primetime growing their portfolios in Zambia.’ Kfir Rusin, General Manager, API Events
One sector that has received special attention is the retail sector, with Zambia having one of the highest formal retail penetration rates in Africa. ‘Retail development in Zambia will continue to flourish but I think it will evolve and that opportunities will be in secondary cities and smaller nodes around Lusaka. Local investors especially institutional investors are also playing a key role in development and acquisitions.’ Victor Sodala, CEO, Pylos Zambia
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Read more here:: ZAMREAL Summit to Promote Zambian Property Investment