Why to invest in Property in Mozambique?

Posted by Carl Brewster
3
Real Estate & Property
Jul 6, 2017
381 Views


According to the managing director of Mozambique Property Development and Investments, “Mozambique’s real estate market has been steadily growing over the past years, in contrast to many other regions in the world”. 

Mozambique is blessed with a beautiful flora and fauna, past few years noticed massive tourist attention, getting the country huge footfall as compared to other destinations on the radius. A small town of Ponta do Ouro in Southern Mozambique is one of the outposts getting the maximum benefits. 

As the town is known the name for divers and surfers, the benefits multiply to the accommodation providers! Tourists look for apartments in Mozambique for a month long stay and even tend to invest in Properties for a relaxing vacation on the seashore! While the property development is yet only focused and promoted to South African buyers, it will soon be partially shifted to the European buyers as well. 

Foreigners find it difficult to understand Mozambique’s property laws, to untangle some, here are the key points-:

  1. It is not possible to own an empty plot of property in Mozambique, only if there is a development on it
  2. The owner of a house built on a piece of land should get a title deed on the building within a specified tenure of time.  
  3. All South African banks need to give a bond to buy a house in Mozambique. 
  4. A bank holds the rights to disapprove a loan if unsure about the property ownership. 

With the emerging developments in the country, Coral Palm Development Corporation, the property development company in Ponta do Ouro is making its mark with over 80-holiday homes, the company is involved with the refurbishment of various hotels, lodges, and businesses. It offers a variety of exclusive developments including Mar e Sol, Vista Alta Spa & Lodge, Ntusty Lodge, Praria e Sol and La Vista- an exclusive share block venture. 

Mozambique will soon be the property hub! Invest in properties in Mozambique and get your vacation spot ready! 
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