Atlas Insight

The Market: January 2026

January 3, 2026 ntando@boxandatlas.com

ZIMRA’s crackdown, the liquidity crunch, and why we expect transaction volumes to hold strong despite rising operational costs.

With family royalties paid, and unvalidated debates out of the way, I hope you had a great festive season.

I sat down with the team to discuss what 2026 looks like for property in Bulawayo. The short of it is: it will be a good year for long-term portfolio holders, a little harder for those looking to grow their portfolios, and a whole lot harder for those who have a nemesis in ZIMRA.

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The November-December Report

Our November-December report still is inspiring for this report. A lot of what we discussed then was about the Budget Statement, most policy suggestions remain in place bar the 10% mining royalty which got scrapped. As a result, this report builds

The January report is divied into three (3) main prongs of analysis: Acquisition Ops, Rental/Leasing Ops, and Construction/Dev Ops.

2026 Outlook: The Bigger Picture

We expect transaction volume to hold strong this year. Why? Two main reasons, firstly, the gold rally is set to moderate but maintain growth over 2026 (14% rise in price).

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