Be Smarter and Grab Smart Real Estate Opportunities in Mozambiqueby Carl Brewster Online Marketing Executive
Mozambique’s real estate is steadily growing over a decade, with respect to other different regions of Africa. As per recent statistics by PWC, the economy of the country is growing at an average of 7.5% to 8% which shows great economic potential. It is one of the most favorable geographical locations as the country is underpinned with natural resources like coal and natural gas which benefits the spread of the whole economy. Therefore, tend to buy property in Mozambique for rent and sales continue to rise in popularity.
The downtown area of the country capital Maputo is one of the best locations for office spaces. Mainly the demand derives from telecoms, professional, banking and aid sectors. With the recent discoveries of natural resources, demands for office rents have risen which increases the prices of properties as well. As per the recent stats, the rents of properties may range from US$30 per sq. m. to US$38 per sq. m. per month.
The leading sector in the South African property market is retail sector. Though Mozambique has existing street retail stores and standalone units, still there is room to improve quality and increase supply in all the sub-sectors. Thus, the retail rents may differ from US$30 per sq. m to US$40 per sq. m per month. It shows a higher rate of returns on retail investment with increasing need of goods.
With the continuous increase in demand for affordable housing, the housing backlog in South Africa is expected to reach 70% by 2030. The prices are comparatively high in central Maputo than other areas. Foreseeing the demand, Houses in Mozambique will witness modest growth in the short-term period. The villa will set you back around US$5,500 per sq. m to US$6000 per sq. m per month, however, the rental prices will be lower down by 15% to 20% of prime levels.
Overall, Mozambique real estate holds a great potential. With urbanizing and growing population, there is a significant rise in demand of properties including residential, retail and industrial sector. Thus, it creates a positive impact on GDP growth and creates opportunities for different sectors.
Created on Sep 18th 2017 05:56. Viewed 571 times.
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