According to property sector trends and urban housing data, Lusaka has in recent years experienced a sharp increase in the construction of executive apartments and high-end residential properties, particularly in affluent areas such as Ibex Hill, Kabulonga, Roma and Olympia. However, despite the construction boom, many luxury apartments are reportedly remaining vacant for extended periods, raising concerns about market saturation, poor investment planning and shifting rental demand patterns. In an exclusive interview with Zambian Business Times, Broadleaf Urban Properties Chief Operations Manager Goodson Ng’ambi said the growing number of unoccupied executive apartments is largely being driven by an oversupply of...
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