Economist Kelvin Chisanga says Zambia’s housing market is experiencing strong growth, fueled by urbanization, infrastructure development, and increasing demand for mid-range and affordable housing.
He cited popular areas like Ibex Hill, Chalala, and Roma witnessing a self-build boom due to high mortgage rates and increased property transfer taxes. Peri-urban zones like Chilanga and Chongwe are also seeing a rise in affordable housing developments despite infrastructure challenges.
Mr Chisanga added that investor interest is growing in student housing, warehousing, and mixed-use developments. He called for better housing finance access and urban planning to sustain the sector’s momentum.
