THE Chas Everitt International Property Group, a South African real estate giant, has announced a strategic expansion into Bulawayo, as it takes advantage of the country’s burgeoning property market.
The move comes just six months after its successful launch in Harare.
The new Bulawayo office will focus on servicing the burgeoning demand for high-end residential properties, commercial real estate, and investment opportunities, particularly from diaspora investors and local high-net-worth individuals.
Barry Davies, chief operating officer of Chas Everitt International, said their initial foray into Zimbabwe was based on a clear-eyed assessment of the underlying economic drivers such as mining, tourism, and agriculture.
“The response in Harare has unequivocally confirmed our thesis,” he said.
“Expanding into Bulawayo within six months is not just an opportunity; it is a strategic necessity to serve the entire market ecosystem and the growing number of diaspora inquiries we are receiving for properties across Zimbabwe’s major cities.”
Davies said Judith Ncube, the Minister of State for Provincial Affairs and Devolution for Bulawayo Metropolitan Province, is set to officially open the Bulawayo office early next month.
Bulawayo, a key industrial hub, is experiencing its own property renaissance, driven by its strategic economic position and cultural significance.
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The Chas Everitt Bulawayo office will initially target premium suburbs such as Khumalo, Hillside, and Famona, which are experiencing steady demand.
Suburbs such as Burnside and Riverside are also a target, as they have seen consistent value growth, making them suitable for rental income.
In Burnside, property values have appreciated by around 10% to 15% over the past five years.
Chas Everitt notes that nearly 50% of its inquiries in Zimbabwe are from the diaspora community looking to invest in secure, high-yield assets back home.
Davies added: “We see immense, untapped potential in Bulawayo. There is a profound desire for international-standard property services and a clear demand for quality housing from a returning professional class and diaspora investors. We are not just selling houses; we are facilitating investment into Zimbabwe’s future by connecting a global audience with local opportunity.”
