Zambia’s real estate sector is looking forward to a new chapter as it begins to leverage off opportunities in the steadily growing economy. Latest research figures indicate that during the first quarter of 2017 the country had an economic growth of 3%, mainly driven by activity in the mining, information and communication, as well as financial services sectors.
In recent months, there have also been improvements in macroeconomic conditions, as reflected by the appreciating currency, falling inflation and subsequent policy easy. How Zambia’s real estate sector and other key players innovate to leverage the improving macro environment will be the key focus of the second annual ZamReal Property Forum on September 27 2017 at the Radisson Blu Hotel in Lusaka, Zambia. The one-day forum brings together both local and regional developers, investors, government ministries, financiers and construction majors looking to expand their real estate businesses in the market.
There are currently a number of new opportunities in the Zambian market for both investors and developers. Realising these will, however, “require clear commitment and bold steps from both the private and public sectors if Zambia is to leverage the full potential of its real estate sector to drive domestic growth and regional integration,” says Kfir Rusin, managing director of API Events.