By Correspondent
As of 2024, Zimbabwe’s housing backlog stood at a staggering 1,25 million units. Urban centres such as Harare and Bulawayo accounted for 70% of the shortfall.
The huge housing deficit is one of the factors driving property prices upwards in the country. Zimbabwean properties are more expensive than those of peer economies in Africa and beyond.
Zimbabwean banks are also reported to be offering mortgage loans at exorbitant interest rates, with charges ranging from 20%-25% per year.
Due to a more efficient property market in Kenya, for example, mortgage loan penetration stands at a respectable 3,2% of GDP. This is significantly higher than Zimbabwe’s paltry 0,4% of GDP.
Harare has over 50 residential suburbs, with varying price ranges and facilities.
According to Property.com average house price in popular suburbs: US $120,000–US $250,000
Luxury properties in Borrowdale and Mount Pleasant exceed US $850,000.
This guide by Property.com highlights the best neighbourhoods to buy a house in Harare, based on affordability, amenities, safety, and growth potential.
1. Borrowdale
Average property price: US $250,000–$850,000
Highlights:
High-end residential suburb with luxury homes
Excellent security and gated communities
Close to shopping malls like Borrowdale Brooke and lifestyle amenities
Investment potential: High demand for rentals and resale
2. Mount Pleasant
Average property price: US $180,000–$450,000
Highlights:
Central location, easy access to CBD and schools
Popular with expatriates and middle-to-upper-class buyers
Well-established infrastructure and services
Investment potential: Strong, consistent price appreciation
3. Avondale
Average property price: US $150,000–$300,000
Highlights:
Close to the city centre with good commercial activity
Restaurants, shopping, and recreational facilities
Mix of older homes and new developments
Investment potential: Moderate to high for rental income
4. Highlands
Average property price: US $120,000–$280,000
Highlights:
Family-friendly suburb with schools and parks
Close to the city but quieter than CBD-adjacent areas
Mix of old and newly renovated properties
Investment potential: Good for long-term residential stability
5. Glen Lorne
Average property price: US $300,000–$700,000
Highlights:
Exclusive suburb with scenic landscapes and large plots
High-end residential properties with privacy
Popular among professionals and expatriates
Investment potential: Luxury market, slower but stable growth
6. Chisipite
Average property price: US $200,000–$500,000
Highlights:
Gated estates and a family-oriented environment
High-quality schools nearby
Safe and well-maintained neighbourhood
Investment potential: Strong, especially for family rentals
7. Avondale West
Average property price: US $130,000–$250,000
Highlights:
Affordable option close to central Harare
Good mix of residential and commercial amenities
Increasing demand due to redevelopment projects
Investment potential: Growing, moderate rental income
8. Greendale
Average property price: US $160,000–$350,000
Highlights:
Semi-luxury residential area with large plots
Family-friendly, quiet, and secure
Proximity to schools and shops
Investment potential: High for long-term residential value
