BUSINESS NEWS

Zimbabwean diaspora drives property boom

Zimbabweans living abroad are increasingly turning to real estate as a way to maintain ties with their homeland, according to recent market trends. In 2024, diaspora remittances to Zimbabwe rose to US...

By Staff reporter | Published: 4 hours ago

BUSINESS NEWS

Mutare CBD property owners urged to refurbish buildings

Mutare City Council has directed property owners in the central business district (CBD) to refurbish and repaint their buildings ahead of the Sanganai/Hlanganani/Kumbanayi Expo, scheduled to take plac...

By Staff reporter | Published: 20 August 2025

CONSTRUCTION & PROPERTY

Willdale bets on property investments

Brick manufacturer Willdale Limited is banking on its property investment strategy to turn around its fortunes after sliding deeper into financial strain, with revenues nearly halved in the first half...

By Staff reporter | Published: 19 August 2025

POLITICS

Munacho Mutezo in last ditch to save property

Former Water Resources and Infrastructural Development Minister Munacho Mutezo will today make a last-ditch attempt to prevent the sale of his Odzi farm, valued at US$750,000, following a High Court ...

By Staff reporter | Published: 18 August 2025

ECONOMC INDICATORS

Zimbabweans pledge property for loans

Zimbabweans are increasingly pledging household items such as beds, fridges, and other personal property as collateral to secure small loans from financial institutions, highlighting the dire state of...

By Staff reporter | Published: 08 August 2025

POLITICS

Zanu-PF MP's property attached over US$34,000 fraud

The High Court has ordered the attachment of movable property belonging to Masvingo North legislator Brian Mudumi after he failed to repay US$34,000 in a fraud case involving his company, Cloud Africa...

By Staff reporter | Published: 04 August 2025

CONSTRUCTION & PROPERTY

Zimbabwe to get first dollar-listed REIT as property heats up

Zimbabwe is set to get its first dollar-denominated real estate investment trust listing on Friday, as demand for property stocks grows.Eagle REIT is seeking to raise $62 million from the listing on Z...

By Staff reporter | Published: 15 May 2025

CONSTRUCTION & PROPERTY

Zimbabweans rush into property

Zimbabweans are snapping up properties as a safe-haven against currency uncertainty and the frequent economic policy U-turns that have scared off investors, at a time when a popular hedge - the countr...

By Staff reporter | Published: 11 May 2025

CONSTRUCTION & PROPERTY

WestProp records 80% revenue surge amid residential property boom

Listed property developer WestProp Holdings Limited has announced a substantial 80 percent rise in revenue for the financial year ended December 31, 2024, propelled by surging demand for residential r...

By Staff reporter | Published: 10 May 2025

BUSINESS NEWS

NRZ targets US$1m from property leases

National Railways of Zimbabwe (NRZ) is targeting to generate at least US$1 million annually from leasing out some of its properties across the country as part of an initiative to widen its revenue bas...

By Staff reporter | Published: 12 September 2023

POLITICS

Zvoma, wife in stalemate over property

FORMER clerk of Parliament Austin Zvoma and his estranged wife Maria (nee Jeche), have reached a stalemate over the distribution of their immovable properties in Harare in divorce proceedings currentl...

By Staff reporter | Published: 22 October 2019

CONSTRUCTION & PROPERTY

Zimre records US$1,42m loss after property arm restructuring

ZIMRE Property Investments Limited (ZPI) says the restructuring of its portfolio led to a loss of US$1,42 million for the year ended December 31, 2018 from a profit after tax of US$2,48 million in the...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

Prophet Magaya almost buys stolen property

SUSPECTED habitual thieves run out of luck after they were nabbed trying to sell stolen chairs to PHD ministries founded by clergyman Walter Magaya.The three who are employed as caretaker, gardener an...

By newzimbabwe | Published: 24 April 2019

POLITICS

Mugabe's ex-minister, wife lose property

Former Lands minister Douglas Mombeshora and his wife Millicent are set to lose household property worth thousands of dollars after failing to pay back an undisclosed amount of money to a local bank.A...

By Staff reporter | Published: 02 January 2019

BUSINESS NEWS

Zimbabweans among top property buyers in SA

In spite of a crippling foreign currency crisis ravaging the Zimbabwean economy, locals are finding the hard currency to buy real estate in South Africa.Interestingly, when it comes to splurging on pr...

By Fin24 | Published: 02 January 2019

CONSTRUCTION & PROPERTY

Property developers demand US dollars

Property developers are demanding payment in US dollars for residential stands or houses in a development that might further exclude ordinary people from owning houses. The development flies in the fa...

By Staff reporter | Published: 01 January 2019

POLITICS

Chipanga sued for grabbing farmer's property

One of former Wakefield Estate owners, Andrew Dawson, has petitioned the High Court seeking an order to prohibit former Zanu-PF youth leader Kudzanayi Chipanga from taking over his assets.Dawson and C...

By Staff reporter | Published: 13 September 2018

BUSINESS NEWS

Teachers sue property developer after stands deal sours

TWENTY-FOUR teachers under the Zimbabwe Teachers' Union (Zitu), have taken a Gweru-based leading property developer, River Valley Properties, to court for failing to deliver residential stands which t...

By Staff reporter | Published: 18 July 2018

TRANSPORT & TOURISM

Fly Africa set to lose property over debt

Fly Africa is set to lose property over a $17 295 debt owed to a former employee who recently obtained a writ of execution against the airline, following a court order issued by High Court judge Justi...

By Staff reporter | Published: 14 July 2018

POLITICS

Chamisa-led MDC-T to lose property worth $665k?

THE Nelson Chamisa-led MDC-T could lose property worth over $665 000 after the Labour Court ruled that it unfairly dismissed 17 employees and must pay damages. Labour Court judge Justice Betty Chidziv...

By Staff reporter | Published: 13 July 2018

POLITICS

Obert Mpofu loses property battle

Home Affairs minister, Obert Mpofu, has lost the battle to block the High Court from transferring some of his properties to the Deposit Protection Corporation (DPC) - the liquidator of his now-defunct...

By Staff reporter | Published: 07 July 2018

POLITICS

ConCourt outlaws attachment of state property

State property remains immune from attachment and execution following a ruling by the Constitutional Court with the consent of involved parties.The bench led by Deputy Chief Justice Elizabeth Gwaunza ...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

$200 000 property up in smoke

PROPERTY worth an estimated $202 000 was reduced to ashes on Tuesday when Empire House in Bulawayo was gutted down by fire.The building houses several flea markets.Bulawayo chief fire officer, Richard...

By Staff reporter | Published: 05 July 2018

POLITICS

Chatunga's property auctioned

Former president Robert Mugabe's son, Chatunga, is set to lose property after failing to pay rentals for his butchery in Chitungwiza. A writ of execution has since been issued for the attachment....

By Staff reporter | Published: 29 June 2018

BUSINESS NEWS

Zim launches Intellectual Property Policy

Government has launched the Zimbabwe National Intellectual Property Policy and Implementation Strategy (2018-2022) to spur innovation and creativity in various sectors of the economy. Addressing stake...

By Staff reporter | Published: 28 June 2018
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