From Supply and Demand to Growing Populations: what’s driving Zimbabwe’s property prices

Over the past few years, Zimbabweans have been grappling with the reality that property in Zimbabwe is more expensive than in South Africa.

This is particularly puzzling because the neighbour, South Africa, with a stronger economy has lower property values. It's surprising that Zimbabwe, with its struggling economy, has such expensive property options in comparison.

If you want to buy an apartment in the City Centre in Zimbabwe, you will pay $1,296.07  (R24,651.15 ) per square meter. In South Africa, the same type of apartment costs $863.62  (R16,426.03) per square. However, if you are okay with an apartment outside the City Centre, it will cost you $1,200.00  (R22,824.00 ) in Zimbabwe and $663.62  (R12,622.01 ) in South Africa per square meter.

Zimbabwe property prices increased by 37% in 2020, while South Africa’s property prices only increased by around 3.57%, according to statistics from the Global Property Guide.