For China’s Rich, the New Must-Have Is a Luxury Home in Zimbabwe
Chinese buyers are finding bargain mansions — and a discreet place to move money — in Harare, a city shaped by colonialism and cricket.
A house in Chishawasha Hills, a high-end residential suburb in Harare North that features expansive, leafy and tranquil properties set in rolling landscapes.
Photographer: Steven Chikosi/BloombergOn the main road through the affluent suburb of Highlands in Zimbabwe’s capital, Harare, a billboard displays a beaming young Chinese family standing outside a newly built house.
The sign reflects Chinese buyers’ growing demand for upmarket residences, which cost about $500,000 to $2 million, in the city’s prime neighborhoods, according to interviews with several real estate brokers. At least two estate agencies — Pam Golding Properties and Guest and Tanner — have hired Mandarin speakers to assist the new customers.