Investment Property in Harare

Harare property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Harare .

The financial stability of Harare has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Harare

Renting out your Harare buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Harare are – preparation is key.

• Set goals based on how much rental yield will be required and the local rental yield rates in Harare and be prepared to change your initial outlook.
• Thoroughly research the Harare location with a special emphasis on fringe areas outside the main Harare metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Harare.
• Ensure that your target investment property in Harare appeals to professionals. This is a demographic that ensures maximum income and low voids.
• Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
• You may think that managing your Harare properties yourself is an easy option, but are these savings justifiable when you run into Harare red tape? Physis Realty Harare office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Harare buy-to-rent sector.

With our expert guidance, investing in Harare provides the secure knowledge that your money is working harder than it would in a local Harare bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Harare, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Harare property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping property in Harare

Flipping property is when we advise clients to buy a Harare property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Harare market has a time to react to the renovation.

The Flipping Strategy in Harare

Investment property flipping in Harare is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Harare real estate investments are sometimes referred to by professionals as ‘distressed’ Harare real estate.

What is distressed Harare property:

• Harare property in need of renovation
• Harare real estate with a change of purpose and use
• Oversold Harare property
• Bank repossessions in Harare

Put simply, long term investors in Harare purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Harare investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Harare property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Harare use a minimum profit value of 22% when looking at potential Harare projects. The reason for this is because there are lots that can go wrong in Harare property flipping and working on a potential margin of 22% should still leave a good margin of error.

For luxury property investors hoping to add a superb property in Harare to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Harare, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Harare should be entrusted to only the highest-quality agency.