Botswana's property market offers huge growth potential
Botswana's residential property market remains largely underdeveloped but seems to offer huge growth potential. Because of the absence of official and timely house price statistics in Botswana, it is difficult to analyse the market, but local real estate experts say that house prices in the country have continued to rise in recent years.
The relative lack of housing supply has led to high rental yields in Botswana, according to research conducted by Global Property Guide suggesting that yields of 6.5% to 9.5% can be enjoyed on residential property in Gaborone and Francistown. This is supported by recent research conducted by Centre for Affordable Housing Finance in Africa (CAHF), which shows that rental properties in the city centre currently offer high gross rental yields of 7.9%. Residential properties located outside the city centre also offer healthy rental yields of about 5.5%.