The Zambia real estate and construction sector grew by 9.5% and 9.1% respectively in 2013 and 2014.
According to the Zambia Development Agency (ZDA) Zambia recorded USD 3.3 billion in foreign direct investment mainly in the construction sector in 2014.
Building and construction has been the largest industrial sector of Zambia comprising 27.5% of the GDP with a growth rate of 12% in 2014.
It is estimated that the backlog of housing units in Zambia is about one million and that 110,000 units per year will be required to clear the backlog for next ten years.
The Zambian government has allocated major part of its construction budget to development of the Link 8,000 and Pave 2,000 road networks projects.
Due to increased investment in construction, the Zambia Development Agency predicts an increase in demand of steel from 200,000 tons in 2011 to 300,000 tons by 2016.
Due to focus on construction, the logistics sector is also benefitting. More than USD5 billion is being invested in rail and road networks in the next 5 years [2015-2020].
This investment will play role in galvanizing the new logistics parks for servicing mining sector of Southern Democratic Republic of Congo as well as Copperbelt region of Zambia.
The African Development Bank (AfDB) recently approved a USD135m loan to finance a water and sanitation program targeting small towns in Zambia.
Zambia retains a large untapped residential property market especially for affordable housing, the Centre for Affordable Housing Finance (CAHF) in Africa indicates in its latest…
More than 100 companies will attend the ZamReal property forum, which will be held in Radisson Blu Hotel in Lusaka, Zambia on September 28th 2016.
Real estate developer Zatem Investments Ltd is commercialising its innovative EAGLE VIEW Estate luxury housing project in Roma Park in Lusaka.
A panel discussion focused on the Zambian retail market will take place in Lusaka on September 28th 2016.
The 32nd Annual Conference on Housing and Africa Growth Agenda, aiming to support the growth of Africa’s economies through the development of a vibrant housing…
The construction markets in Zambia are likely to grow in H2 2016 thanks to the end of the electoral period.
The ZamReal property forum, focused on the Zambian real estate market, will be held in Radisson Blu Hotel in Lusaka, Zambia on September 28th 2016.
The Center for Affordable Housing Finance (CAHF) in Africa recently presented new data about housing and construction in Zambia and the rest of Africa.