The opportunities you don’t think about in the Zambian property market
At the recent Property Expo Christopher Mulenga, Founder of CMM Properties gave a presentation on Building Your Property Portfolio. What stood out from his presentation were the opportunities in property that are rarely highlighted or discussed. In particular, he emphasised the opportunities at the lower end of the market. High end accommodation is fairly well catered to but there is still a massive demand in the middle to lower part of the residential market. This segment requires less expensive finishes therefore is less capital intensive. Due to the high demand, returns are much more attractive. Another area of investment from the discussion that ensued from this topic was the wealth at the bottom of the property pyramid. Mr Mulenga gave the vivid example of his worker who was able to build a structure in the compound and charges K500 per month for each room. His aggregate rental revenue is better than most flats servicing the young professionals market and he has made his money back many times over. It makes you think, how could you maximise your investment in the property market.