Key Takeaways
- Property experts predict house prices will stabilize with modest growth of 2-3% by the end of 2026, supported by improved economic conditions
- Harare and Bulawayo will see different price movements, with emerging suburbs showing stronger potential
- Buyers may find better negotiating power as more properties come to market
- According to Finance Minister Mthuli Ncube, inflation is forecast to reach single digits by early 2026, improving affordability
- Diaspora buyers, who drove $1.9 billion in remittances in the first nine months of 2024, will continue powering demand
Zimbabwe's housing market is heading into 2026 with cautious optimism. After years of sharp price increases and economic uncertainty, the market is finding its footing. According to Trading Economics, inflation dropped to 19% in November 2025 from 32.7% in October. The ZiG currency has shown more stability since late 2024. And both buyers and sellers are adapting to a new reality.
Your experience will depend heavily on where you're buying and what you're looking for. Properties with solar systems and boreholes will stay in high demand. Cash buyers and diaspora investors will keep the market moving. And New Developments for sale may help first-time buyers finally catch a break.
What Will Happen to Harare House Prices in 2026?
Based on Finance Minister Mthuli Ncube's forecast of 5% GDP growth and single-digit inflation for 2026, we predict house prices will rise by 2-3% across Zimbabwe by year-end. This represents steady growth, not the wild swings we've seen in recent years.
According to Propertybook's analysis of over 10,400 properties, the national average house price sits around $235,000 as we enter 2026. Entry-level 2-bedroom properties start from $70,000 to $100,000. In Harare, that average jumps to $240,000 — about 25% higher than the rest of the country.
Buyer Affordability
Affordability should gradually improve in 2026. According to Finance Minister Ncube's November 2025 budget presentation, inflation is forecast to reach single digits by early 2026 after sitting at 19% year-on-year in November 2025. That means your money will go further IF all goes according to plan.
The ZiG currency has shown more stability since late 2024. If this holds, it reduces the constant worry about price adjustments between viewing a property and closing the deal.
Many buyers are waiting to see how things unfold early in the year. Once they see continued stability, expect more activity from March onward.
Regional Differences
Not all areas will perform the same way:
Harare will likely see slower price growth of around 2%. The capital's higher prices mean buyers are more cautious. Many are waiting for better deals or focusing on cluster developments in emerging areas like Madokero, Sunway City, and Mabvazuva.
Bulawayo may see slightly stronger growth around 3%. Lower absolute prices make properties more accessible. Buyers get more space for their money.
Emerging suburbs around Harare (Chitungwiza, Ruwa, Norton) and peri-urban areas could outperform with 3-4% growth. Infrastructure improvements and lower entry prices attract buyers who've been priced out of established suburbs.
High-end areas like Borrowdale, Mount Pleasant, and Glen Lorne face unique challenges. According to ZimProp Expo 2025 data, property prices surged 80% over the past five years, with the average Harare property now at $240,000. After such rapid increases, growth is likely to slow as the market digests these gains.
How Will the Economy Impact House Prices in 2026?
Currency Stability
According to the Reserve Bank of Zimbabwe and the Confederation of Zimbabwe Industries, Zimbabwe's tight monetary policy since late 2024 has helped stabilize the ZiG currency and improve inflation dynamics. This is crucial for the property market. Stable currency means predictable pricing. Sellers won't need to constantly adjust asking prices. Buyers can plan with more confidence.
The continued use of US dollars alongside ZiG gives buyers options. Most property transactions above $80,000 happen in US dollars, which protects against local currency volatility. Business is likely to continue as it has, at least until 2030 draws near, the year when Zimbabwe is projected to de-dollarise.
Inflation Dropping
According to Finance Minister Ncube, inflation is expected to reach single digits in 2026 and decrease further to around 5% over the medium term. This is excellent news for homebuyers. Lower inflation means building materials cost less. Monthly expenses become more manageable. And wages can catch up to the cost of living.
Wage Growth vs. Property Prices
According to employment data from Remote People and other sources, the average monthly salary in Zimbabwe sits around $230 to $253. That's not much when the average house costs $235,000. However, according to Finance Minister Ncube, diaspora remittances reached $1.9 billion in the first nine months of 2024 (a 16.5% increase) and are estimated to underwrite as much as 60% of property purchases in northern suburbs according to ZimProp Expo 2025 data.
The actual figure is probably much lower, but the principle remains: The diaspora is a major player in Zimbabwe's real estate market, especially when it comes to developments with favorable terms.
For local buyers without diaspora support, affordability remains challenging. Most will need family help with deposits or consider properties in more affordable areas.
Access to Finance
Mortgage penetration remains low, with loans typically running 3-5 years according to Property.co.zw's market analysis. Banks like CBZ and FBC offer USD mortgages at interest rates that have historically ranged from 15-18%, but with short repayment periods of 5 years maximum.
Many buyers continue using cash, payment plans from developers, or diaspora remittances. Don't expect significant changes to mortgage availability in 2026, especially with the 2030 de-dollarisation looming.
What Does 2026 Look Like for Different Buyer Types?
First-Time Buyers
First-time buyers face a mixed picture. On the positive side:
- More properties on the market means better choice
- Price growth is slowing, making homes more reachable
- Lower inflation helps savings keep their value
- Some properties may be negotiable below asking price
The challenges remain steep:
- High deposit requirements (typically 30% or more)
- Short mortgage terms that increase monthly payments
- Limited inventory in the $70,000 to $120,000 range
- Competition from cash buyers and investors
Our advice: Focus on emerging suburbs. Consider cluster developments with shared amenities in places like Ruwa and Sandton City. Look for properties below $150,000 where competition is lighter. And be ready to move quickly when you find the right fit.
Diaspora Buyers
According to Finance Minister Ncube's data, diaspora buyers account for an estimated 32% of all property sales above $80,000. You'll continue to have advantages in 2026:
- USD income gives you purchasing power
- Sellers often prefer cash buyers
- You can negotiate harder, especially in Q1 when the market is quieter
- Properties with solar and boreholes hold their value better
Watch out for: The market has gotten more sophisticated. Digital tools like virtual tours and 360° listing videos are now standard. Work with registered agents who understand your needs. Verify everything before transferring funds.
Property Investors
Investors should focus on:
Rental properties: According to Propertybook market data, well-located apartments in city centers can generate 6-8% annual yields. Houses in the same areas typically yield 4-6% due to higher purchase prices.
Cluster developments: New developments in emerging areas offer good appreciation potential. Infrastructure is improving in places like Madokero and Ruwa.
Properties with utilities: Homes with solar systems, boreholes, and gas cooking facilities command higher prices and rent faster. This trend will continue as load shedding remains an issue.
Move-Up Buyers
If you're selling one property to buy another, 2026 could work in your favor. The market is less frantic than previous years. You'll have more time to find the right property without feeling rushed. And you can negotiate from a stronger position.
Price your current property realistically to sell faster. Then use that position to negotiate your purchase.
Challenges Facing the 2026 Market
Let's be honest about the obstacles:
Limited Mortgage Access
Barely any Zimbabwean homebuyers use formal mortgages. Most people need substantial cash or family support. This won't change significantly in 2026. If you need financing, start conversations with banks early. Understand what deposit you'll need (typically 30% minimum).
Infrastructure Gaps
Local building costs range between $80-150 per square meter, with buyers often covering infrastructure costs like boreholes, roads, and power. In emerging suburbs, expect to install private water, solar, and sanitation systems yourself. Budget an extra 15-25% beyond the purchase price for these necessities.
Currency Uncertainty
While the ZiG is more stable than previous currencies, Zimbabwe's monetary history creates lingering concerns. Many sellers will continue pricing in USD or adjusting ZiG prices frequently. This makes planning difficult.
Supply Constraints
According to Knight Frank Zimbabwe's H2 2024 market update, Zimbabwe faces a housing backlog of over 1.2 million units. We're not building fast enough to meet demand. This keeps upward pressure on prices despite affordability challenges.
What to Watch For in 2026
Q1 (January-March): Traditionally quieter as people recover from holidays. Expect fewer new listings but better negotiating opportunities. Sellers who list early are often motivated.
Q2 (April-June): Market activity picks up. More properties come to market. Diaspora buyers who visited over Christmas close deals. This is when you'll see the true direction of the year.
Q3 (July-September): Mid-year stability. Prices have found their level. Buyers know what to expect. Good time for move-up buyers who've sold their properties.
Q4 (October-December): Year-end activity varies by economic conditions. If stability holds, expect steady transactions. If challenges emerge, some sellers may rush to close deals.
Our Recommendations for 2026
For Buyers:
- Don't wait for the perfect moment. If you find the right property at a fair price, move on it
- Properties with solar, boreholes, and good security will hold value best
- Use platforms like Propertybook.co.zw to research sold prices in your target area
- Get pre-approved for financing before you start looking seriously
- Consider emerging suburbs where your money goes further
For Sellers:
- Price realistically from the start. The days of constant upward adjustments are behind us
- Highlight energy solutions (solar, backup power) in your listing
- Professional photos and virtual tours are now expected, not optional
- Be ready to negotiate. Buyers have more options than in previous years
- Spring and early summer (September-November) typically see the most activity
For Investors:
- Focus on properties that solve real problems (reliable power, water, security)
- Cluster developments in emerging areas offer better appreciation potential
- Rental yields in established areas may compress as prices stabilize
- Consider properties in the $120,000 to $200,000 range for the broadest buyer pool
Final Thoughts
The 2026 Zimbabwe housing market will be defined by stability more than growth. That's actually good news. Buyers can plan with more confidence. Sellers can price realistically. And everyone can make decisions based on fundamentals rather than fear or speculation.
If Finance Minister Ncube's projections hold true, with GDP growth at 5% and inflation moderating to single digits, the economic conditions are improving. This should support steady, sustainable growth in housing.
The market, ideally won't return to the wild price swings of recent years. Instead, expect a more mature market where properties are valued on their merits — location, condition, and amenities like solar and water security.
For serious buyers and sellers, 2026 could be the best year in recent memory to make your move.
This forecast is based on current economic projections and market analysis as of December 2025. Property markets can change rapidly. Always conduct your own research and consult with registered property professionals before making decisions. Visit Propertybook.co.zw for the latest listings and market data.
