Zimbabwe: Unlock Zimbabwe’s ‘Dead Capital’ or Remain Trapped in Poverty – Sharpe

WestProp chief executive Kenneth Sharpe has called for urgent reforms to the country’s mortgage market arguing that unlocking billions of dollars tied up in residential property could provide a major boost to the economy.

Speaking at the sixth edition of the ZimReal Conference, Sharpe said Zimbabwe had vast property wealth but very limited mortgage financing, leaving homeowners “paper rich” while struggling to access cash.

He said mortgage lending accounted for less than 1% of Zimbabwe’s real…