Zimbabwe Diaspora Property Showcase 2025: Gateway to Real Estate Opportunities

The Zimbabwe Diaspora Property Showcase is set to take place from April 25 to 27, 2025, at The Westin Dallas Fort-Worth in Texas, USA. This premier event aims to bridge the gap between Zimbabwean property businesses and the diaspora community in North America, providing a platform for direct engagement and investment opportunities.

Participants and Objectives

The showcase will feature over 40 exhibitors, including leading developers, financial institutions, conveyancers, suppliers, and property consultants from Zimbabwe. Attendees will have the unique opportunity to interact directly with these stakeholders, gaining exclusive insights into Zimbabwe's dynamic property market.

Why Invest in Zimbabwe?

Zimbabwe's property sector is experiencing unprecedented growth, offering numerous avenues for investment that are both lucrative and impactful. Here are the key developments making the country an attractive destination for diaspora investors:

• Title Deeds for A1 and A2 Farmers
• Growth of Cluster Homes
• Emergence of New Industrial Spaces
• Expansion of University Towns

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WestProp’s Pokugara Residential Estate Nears Completion, Set to Redefine Luxury Living in Harare

Harare, Zimbabwe – March 31, 2025 – WestProp Holdings Limited, Zimbabwe’s premier real estate developer, has announced significant progress at its flagship Pokugara Residential Estate, with 30 luxury homes already completed and a further 18 expected by the end of April.

A First-Hand Look at Progress

CEO Kenneth Sharpe recently led a tour of the estate for brand ambassadors Kudzai Violet Gwara (KVG) and Tembalami, showcasing the rapid advancement of the development of the 70 planned homes, the remaining units are on track for completion by June 2025, marking a major milestone for the project.

Once construction concludes, WestProp will shift focus to high-end communal amenities, including:

• A clubhouse with a gym and restaurant
• A skate park and tennis court
• A swimming pool and landscaped leisure spaces

Work on these facilities is expected to begin in May or June 2025, further elevating Pokugara’s status as a premier lifestyle destination.

WestProp: Pioneering Zimbabwe’s Real Estate Growth

Founded in 2007 by Kenneth Sharpe, WestProp has cemented its reputation as a leader in luxury and mixed-use developments. The company made history in 2023 as the first real estate firm to list on the Victoria Falls Stock Exchange (VFEX), underscoring its innovative approach to property investment.

Among its landmark projects are:

• Gunhill Rise & Millennium Heights (luxury residential)
• Pomona City & Warren Hills Golf Estate (mixed-use smart cities)
• Mall of Zimbabwe (a major retail hub)

Pokugara Residential Estate is the latest testament to WestProp’s vision of transforming urban living in Zimbabwe, combining modern design with world-class amenities.

A New Benchmark for Zimbabwean Real Estate

“Pokugara isn’t just a housing project—it’s a lifestyle revolution,” said Sharpe during the tour. “We’re creating spaces that blend luxury, community, and convenience, setting a new standard for developments in Zimbabwe.”

With strong investor interest and steady progress, WestProp continues to lead the charge in high-end, sustainable real estate across the region.

🔗 For more updates on Zimbabwe’s property market, follow Zim Property Digest.

Tags: #WestProp #PokugaraEstate #LuxuryRealEstate #ZimProperty #VFEX #PropertyDevelopment

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The Hills Lifestyle Estate: Where Elegance Meets Innovation

Beneath the vast African sky, where the sun paints golden strokes across the horizon, rises The Hills Lifestyle Estate—not just a residential enclave but a meticulously crafted world where every detail, from the foundation to the treetops, whispers excellence.

Set on 126 hectares of the former Warren Hills Golf Course, this visionary development by WestProp Holdings redefines luxury living in Zimbabwe. It is an oasis of architectural brilliance, cutting-edge sustainability, and world-class amenities, seamlessly woven into the fabric of nature.

"We want to create a lifestyle in this development—an oasis beyond these walls." — Ken Sharpe

A New Standard in Residential Excellence The Hills introduces 860 bespoke residences, ranging from expansive villas and elegant townhouses to sophisticated apartments—each crafted with premium finishes and intelligent design. Unlike conventional developments, this estate offers a fully integrated lifestyle where residents can live, work, and unwind in a meticulously planned environment.

For those who value more than just a home, The Hills delivers an experience—one where every sunrise brings the scent of fresh-cut grass from the championship-standard golf course and every evening ends in the tranquility of over 80% dedicated green space, making it one of the most eco-conscious developments in the world.

The Ground Beneath Your Feet: A Foundation of Perfection Before the first brick was laid, the earth itself was sculpted for greatness. 300,000 tons of imported white silica sand—the same that lines the world’s most exclusive beaches—was carefully layered beneath the estate’s roads and fairways. This isn’t just for beauty; it’s engineered for perfect drainage, ensuring no puddle mars your morning stroll, even in the heaviest rains.

The roads themselves are a marvel—triple-layered asphalt, whisper-quiet, and wide enough for grand entrances yet intimate enough for leisurely evening drives. Beneath them, German-engineered PVC piping snakes invisibly, a circulatory system of fresh water, high-speed fiber optics, and backup power lines, all shielded from the elements in concrete conduits.

"Every detail, down to the sand beneath the grass, has been thought through to perfection." — Ken Sharpe

A Sanctuary of World-Class Amenities At the heart of The Hills is a PGA-quality championship golf course, meticulously designed to international standards. But beyond the fairways lies a world of leisure and convenience:

• A state-of-the-art sports academy featuring tennis, swimming, and fitness facilities
• Resort-style pools and a luxury spa for ultimate relaxation
• Scenic walking and cycling trails weaving through protected green spaces
• A high-end shopping mall, fine dining venues, and premium office suites—creating a self-sufficient community

For those seeking a life of balance, The Hills blends nature with innovation, offering residents a haven of tranquility within minutes of Harare’s vibrant core.

Security Meets Exclusivity The Hills Lifestyle Estate isn’t just a home—it’s a fortress of elegance. The 5.3-kilometer perimeter wall, standing 5 meters high in key sections, is not just a boundary but a statement. Motion-sensing LED batten lights cast a soft glow along its curves at night, turning a functional barrier into a luminous work of art.

At the grand entrance, six lanes of controlled access ensure a seamless yet secure passage. Once inside, 24/7 surveillance, biometric entry points, and private security patrols create an environment where peace of mind is a given.

Sustainability at the Heart of Luxury The Hills isn’t just about indulgence—it’s about responsible innovation. This development is a masterclass in green living, featuring:

• Solar energy integration, with every home pre-wired for Tesla Powerwall compatibility
• Smart water conservation systems, including dual-redundancy boreholes and a 50,000-liter underground reservoir
• 5G-enabled smart infrastructure, ensuring connectivity at every corner

With over 80% of the estate dedicated to green spaces, The Hills isn’t just a place to live—it’s a vision of the future, where cutting-edge technology and timeless elegance create a new benchmark in Zimbabwean real estate.

"This will be the most green development in the country—one of the most green in the world." — Ken Sharpe

Ken Sharpe: The Visionary Behind The Hills At the helm of WestProp Holdings, Ken Sharpe has reimagined what is possible in Zimbabwe’s real estate landscape. His philosophy is simple yet profound—create developments that stand the test of time, both in beauty and sustainability. Under his leadership, The Hills Lifestyle Estate is not just about constructing homes; it’s about curating an unparalleled way of life.

Sharpe’s dedication to excellence is evident in every aspect of the estate—from the precision-engineered golf course to the seamless integration of green technology. His forward-thinking approach is transforming Harare into a hub of world-class living, and The Hills is his crowning achievement.

An Investment in the Future More than just a residential development, The Hills represents the evolution of Harare’s property market. Investors have already taken notice:

• $150K–$2M: Price range, positioned to outperform Johannesburg’s stagnant luxury market
• 12–15%: Annual appreciation, fueled by Zimbabwe’s economic resurgence
• 8–11%: Rental yields, outpacing Nairobi’s best by 3 points
• Phase 1: 87% sold—the smart money has already moved

Your Invitation to the Pinnacle of African Luxury This is more than real estate—a masterstroke in intentional living. Every millimeter has been debated, tested, and perfected, from the underground infrastructure to the rooftop solar arrays. The world’s elite are taking notice. Will you join them?

Act now—perfection waits for no one.

📧 investments@westprop.co.zw 🌐 www.westprop.co.zw

"We didn’t just build homes. We engineered heirlooms." — Ken Sharpe, WestProp Holdings

For more insightful stories, real estate trends, and investment opportunities in Zimbabwe, the UK, Dubai, and beyond, follow Zim Property Digest—your premier source for everything property!

📲 Stay informed. Stay ahead. Follow Zim Property Digest today!

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Capital Gains Tax Updates 2025

If you’re planning to sell a property in 2025, there are important updates to capital gains tax (CGT) that you should be aware of. The government has introduced Statutory Instrument 22 of 2025 (SI 22/2025), which affects interest rates on unpaid or overpaid capital gains tax.

NEW PROPERTY LISTINGS

Additionally, understanding the difference between short-term and long-term capital gains tax is now more important than ever. These distinctions can significantly impact how much tax you owe when selling a property.

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What is Capital Gains Tax?

Capital Gains Tax is a tax charged on the profit made when selling a property. It is calculated based on the difference between the buying price and the selling price.

For example:

• If you bought a house for $50,000 and sold it for $80,000, the $30,000 profit is subject to capital gains tax.

However, the tax rate depends on whether the property is classified as a short-term or long-term investment.

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Short-Term vs. Long-Term Capital Gains Tax

The government taxes capital gains differently depending on how long you have owned the property:

1. Short-Term Capital Gains Tax (for properties owned less than 1 year)

• If you buy and sell a property within a year, the profit is considered a short-term gain and is taxed at higher rates, similar to normal income tax.

• In Zimbabwe, this could mean you are taxed at your usual income tax rate, which can be significantly higher than long-term capital gains tax.

Example:

• You buy a stand for $20,000 and sell it after 6 months for $30,000.

• The $10,000 profit is considered a short-term gain and taxed at a higher rate.

2. Long-Term Capital Gains Tax (for properties owned more than 1 year)

• If you have owned the property for more than one year, you qualify for lower tax rates.

• In Zimbabwe, this usually means:

  • 5% of the selling price (if the property was bought before February 2009).

  • 20% of the capital gain (if the property was bought after February 2009).

Example:

• You buy a house for $50,000 and sell it after 5 years for $80,000.

• The $30,000 profit is considered a long-term gain, and you only pay 20% tax on the gain ($6,000 in this case).

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Key Update from SI 22/2025

The new law affects interest rates on unpaid or overpaid capital gains tax:

• If you delay paying your CGT, the government will charge interest on the unpaid amount.

• If you overpay your CGT, the government will now pay you interest for the delay in refunding your money.

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How This Affects Property Sellers

✔ If you plan to sell a property within a year, be prepared for higher taxes.
✔ Holding onto a property for more than a year can significantly reduce your tax burden.
✔ Make sure to pay CGT on time to avoid extra interest charges.
✔ If you’ve overpaid CGT, you can now expect to receive interest when claiming a refund.

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What Should Property Sellers Do?

• Plan your property sales wisely to benefit from lower long-term tax rates.

• Consult a tax expert to ensure accurate CGT calculations.

• Budget for capital gains tax when setting your selling price.

• Keep all property purchase and improvement records to reduce your taxable gain.

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Final Thoughts

Understanding the difference between short-term and long-term capital gains tax can save you thousands when selling a property. If you sell too soon, you might pay high short-term tax rates. But if you hold the property for more than a year, you can benefit from lower long-term tax rates.

Make sure you comply with the new tax rules in 2025 to avoid penalties and maximize your profit. If you have questions about capital gains tax, drop them in the comments!

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Understanding Wealth Tax on Properties in Zimbabwe – Implications & Strategies

The introduction of the wealth tax in Zimbabwe has sparked discussions about its implications for property owners, investors, and the economy at large. As the government seeks to generate revenue and reduce wealth inequality, it is crucial to understand how this tax works and its potential effects. In this article, we’ll break down the wealth tax on high-value properties in Zimbabwe, how it’s assessed, and its potential impact on property owners and investors.

What is the wealth tax on properties in Zimbabwe?

Wealth tax in Zimbabwe specifically targets high-value residential properties with a value exceeding $250,000. The tax rate is set at 1% of the property value, with a cap of $50,000 in tax liability per individual, regardless of how many properties they own above this threshold. Notably, this tax does not apply to primary residences, which means homeowners living in their property are exempt.

This move is part of the government's broader strategy to increase tax revenue, particularly for public infrastructure projects like roads, hospitals, and schools, as well as to address wealth inequality in the country.

PROPERTIES FOR SALE

How is Property Value Determined?

The value of a property is assessed based on a combination of factors, including:

1. Location: Prime areas and urban centers generally have higher property values compared to rural or less developed regions.

2. Size and Condition: Larger properties or those in better condition typically have a higher market value.

3. Comparative Market Analysis: Property valuers will often look at recent sales of similar properties in the area to estimate the value of a given property.

4. Economic Factors: Broader economic conditions, such as inflation and exchange rates, also influence property prices.

Professional property valuers use a mix of these factors to arrive at an accurate market value, ensuring that the tax is levied appropriately. Property owners should periodically assess the market value of their assets to avoid over or underpaying taxes.

Mabvazuva Newly Built House For Sale

Potential Benefits of Wealth Tax

1. Revenue Generation: One of the primary goals of the wealth tax is to generate much-needed revenue for public services. This is especially important in Zimbabwe, where funding for essential services like healthcare and education is often limited.

2. Wealth Redistribution: The tax aims to address the growing wealth inequality in Zimbabwe by taxing the wealthiest property owners, helping to reduce the gap between the rich and the poor.

3. Infrastructure Development: The revenue collected from the tax is intended to fund infrastructure projects, which will benefit the wider population, including in areas of health, education, and transport.

Challenges and Implications for Investors

1. Higher Holding Costs: For investors owning properties worth over $250,000, the tax will result in higher annual holding costs, which may impact overall profitability.

2. Market Impact: The introduction of a wealth tax may have a cooling effect on the real estate market, particularly for high-value properties. Investors may be less inclined to purchase new properties in this price range or may focus on assets just under the taxable threshold.

3. Tax Collection Challenges: Zimbabwe’s history of tax collection challenges may complicate the effective implementation of the wealth tax, especially in the case of property valuation discrepancies or lack of sufficient records.

How Can Investors Navigate the Wealth Tax?

1. Regular Property Valuations: It’s important for investors to keep their properties regularly valued to avoid disputes with tax authorities. Knowing the true market value of your property ensures you're not overcharged or undercharged for taxes.

2. Portfolio Diversification: Investors may choose to diversify their portfolios to include properties just below the $250,000 threshold to avoid the wealth tax. This strategy helps spread tax risk and keeps holding costs manageable.

3. Stay Informed: Investors should remain up-to-date with any policy changes and work with tax professionals to ensure compliance and optimize their investments under the new tax regime.

Conclusion

The wealth tax on properties in Zimbabwe is a significant development in the country’s tax policy. While it aims to reduce wealth inequality and fund critical public services, it also poses challenges for property owners and investors. Understanding how the tax works, how properties are valued, and the potential impacts on your investments can help you navigate this new system effectively.

For property owners and investors, staying informed and adjusting investment strategies will be crucial to managing the financial implications of this tax.

Stay tuned for more insights on navigating Zimbabwe’s evolving tax landscape and how it impacts the real estate sector.

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Getting a Mortgage and Buying A Property In The UK from Zimbabwe

Investing in the UK, Dubai, South Africa, and Zimbabwe: Your Path to Wealth Creation

Imagine owning a property in London, where rental yields soar and capital appreciation is unmatched. Picture yourself earning passive income from a high-end apartment in Dubai, a tax-free haven with booming real estate opportunities. Or envision tapping into South Africa’s dynamic market, where commercial and residential investments offer both stability and growth.
In today’s fast-changing world, smart investors know that wealth isn’t built by keeping all eggs in one basket—it’s about diversifying, expanding, and securing financial freedom. The UK, Dubai, and South Africa present golden opportunities for Zimbabwean investors looking to hedge against inflation, earn foreign currency, and build generational wealth. Whether you’re looking for high returns, residency benefits, or a strategic international foothold, these markets offer the perfect entry point.
Ready to explore? Let’s dive into why investing beyond borders is the smartest move you can make right now.

1. UK Property Market: Strong Rental Yields and High Demand

Current Trends in the UK Property Market

The UK remains one of the most attractive markets for foreign investors, offering strong demand for rental properties in cities like London, Manchester, and Birmingham. According to recent data, the UK property market saw a 5.5% increase in average house prices in 2023, making it a stable and growing investment destination.

Carrick Wealth, a leading wealth management firm, makes it easier for investors to purchase off-plan properties starting at £150,000, with a deposit requirement of just 20%. Mortgages of up to 65% of the property value are available, making this an ideal entry point for Zimbabwean investors seeking to grow their wealth.

Advantages of Investing in the UK

• 5.5% increase in property values in 2023

• High Rental Yields in cities like London, Manchester, and Birmingham

• Legal Protections for Foreign Buyers

• Foreign Ownership – Zimbabweans can buy property in the UK with no restrictions.

Downsides to Consider

• Higher Initial Investment – The cost of properties in prime locations, like London, can be significant.

• Taxes & Fees – Stamp duty and other property-related taxes can increase your investment cost.

How to Invest in the UK

Investing in the UK is easier than you think. With Carrick Wealth, you can access mortgages of up to 65%, significantly reducing your upfront investment. Whether looking for high rental yields or long-term capital growth, the UK offers a great opportunity for property investors.

2. Dubai: A High-Yield, Tax-Free Investment Haven

Current Trends in Dubai

Dubai’s real estate market continues to attract investors worldwide due to its tax-free status and high rental yields. In 2023, Dubai saw a 17.4% increase in property prices, particularly in sought-after areas like Downtown Dubai and Dubai Marina. With its Golden Visa program, Dubai offers long-term residency options to property investors, making it an even more appealing destination for international buyers.

Advantages of Investing in Dubai

• No Taxes – Enjoy tax-free capital gains and rental income.

• High Rental Yields – Dubai’s rental market offers yields of up to 8%, one of the highest in the world.

• Foreign Ownership – Foreigners can own properties in designated areas without restrictions.

Downsides to Consider

• Market Volatility – Property prices can fluctuate based on market conditions.

• High Service Charges – Luxury properties often come with higher maintenance costs.

How to Invest in Dubai

Whether you are looking for luxury apartments or commercial properties, Dubai remains one of the most attractive investment markets. With Carrick Wealth, you can benefit from expert guidance on how to navigate the local market and access mortgages for your investment.

3. South Africa: Affordable Properties with Solid Returns

Current Trends in South Africa

South Africa’s property market offers great opportunities for investors seeking affordable properties with high rental yields. In 2023, the average property price in Cape Town increased by 8.1%, demonstrating strong long-term growth despite economic challenges.

Carrick Wealth provides assistance in managing investments across South Africa’s real estate market, helping you make informed decisions on where to invest and how to secure financing for property purchases.

Advantages of Investing in South Africa

• Affordable Properties – Property prices are lower than in other international markets like Dubai and the UK.

• Strong Rental Yields – Cities like Cape Town offer rental returns of 6% to 8%.

• Long-Term Growth – South Africa’s property market continues to appreciate over time.

Downsides to Consider

• Economic Uncertainty – South Africa’s economy can be volatile, affecting property values.

• Security Issues – Some areas may have concerns related to crime and safety.

How to Invest in South Africa

Foreign investors can access mortgages in South Africa, with a loan-to-value (LTV) ratio of up to 60% for non-residents. A higher deposit of 40% is required, and interest rates are typically 8%-12%.

4. Zimbabwe Real Estate: Local Investment Opportunities

While international investments are exciting, Zimbabwe offers unique opportunities in urban areas like Harare and Bulawayo. The local market is growing, and demand for residential and commercial properties continues to increase, especially in key investment hotspots.

Advantages of Investing in Zimbabwe

• Affordable Entry Points – Local property prices are more accessible for investors.

• High Rental Demand – With growing urban populations, rental demand remains strong in cities like Harare.

• Potential for Appreciation – As the economy stabilizes, property values in Zimbabwe are expected to appreciate.

If you’re considering investing in Zimbabwe’s property market, Zim Property Digest offers expert advice and insights into the latest trends. We help investors find the best buying areas and navigate the real estate landscape. 

Take the Leap – Secure Your Wealth Beyond Borders

The world is moving fast, and so should your investments. The UK offers stability and long-term growth, Dubai presents tax-free high-yield opportunities, and South Africa provides a dynamic gateway into Africa’s largest economy. By diversifying beyond Zimbabwe, you not only protect your wealth but also unlock new streams of income and financial freedom.

The time to act is now! Whether you’re a seasoned investor or just starting, there’s a perfect opportunity waiting for you. Let’s connect and explore how you can make your mark on the global property stage.

Ready to invest? Get in touch today and take your wealth to the next level!

email: munya@zimpropertydigest.co.zw

Tel : +263718678324

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