Real Estate
Real Estate
Overview
The Zambian real estate sector has been growing in recent years, driven by increased demand for both residential and commercial properties. Rental properties account for around 67% of the total market. Despite only contributing 1.1% to the economy in 2022, the real estate sector has vast potential for growth, arising from population growth, economic development, increasing disposable incomes, and rapid urbanization rates. However, the sector is negatively impacted by limited market information and financing options for developers and buyers.
By addressing these challenges and leveraging the strengths of the Zambian real estate sector, companies can transform the sector into a major contributor to the economy. We offer informed perspectives and clear solutions to companies based on our experience in working with stakeholders in both the residential and commercial real estate sub-sectors.
At Red Black Ventures, we believe that unlocking the full value of the Zambian real estate sector requires a deeper understanding of its unique challenges and opportunities. We keep a close eye on market trends, gather data, and work with businesses to develop effective strategies that help them succeed in the sector.
Real Estate by the numbers
Contribution to GDP by Sector, Zambia (%)
![](https://redblackventures.com/wp-content/uploads/2023/02/Real-Estate-Waterfall-Chart-2-.png)