Study: Real estate market grows outside the capital and lease is one of the best options
Prime Yield MZ launched the 2nd edition of the “Mozambique Real Estate Market Study” during Tektónica Moçambique, which ended on Tuesday in Maputo.
According to the consulting firm, Mozambique’s real estate market has “enormous potential for growth, with opportunities in all segments, highlighting the emergence of new geographical areas as a destination for investment and real estate development.”
This is one of the main conclusions of the study, which was carried out for the second consecutive year, which analyzed the housing, office, retail and tourism sectors in Maputo.
“The average growth of the Mozambican economy has been 8% in recent years, and this pace is expected to continue and even accelerate in the coming years. This economic development, coupled with the increase in the purchasing power of the middle class, the arrival of expatriates and the implementation of the planned structural projects for the country, have increased the demand for real estate products and investment in this sector “, says the director of Prime Yield MZ, Bruno Carvalho.
“There is also the fact that the real estate investment is starting to look at areas other than Maputo, until now the central focus of this market in the country. The regions of Tete, Pemba or Inhassoro, with an enormous wealth of resources and an untapped tourist potential, are now beginning to attract the attention of investors and real estate developers, mainly due to the strong commitment to improving infrastructure, “adds Bruno Carvalho.
Imbalance between supply and demand continues to mark sector
According to Prime Yield MZ, the housing sector in Maputo continues to be strongly marked by the imbalance between supply and demand, and there is a need to reduce the housing deficit. Leasing is a very active option given the limitations on access to real estate credit for housing purchase.
The office market in the capital is, according to the study report, very active “due to the growing economic interest that the country has been awakening with national and international companies, which has motivated a dynamic demand for spaces.”
Tourism is another of the “high” sectors. With a consistent increase in the number of tourists, this area in Maputo is especially dynamic in the corporate segment, but the Mozambican Ministry of Tourism is committed to increasing tourist attraction in the “leisure” segment. The hotel offer of Maputo is currently made up of 5 5 star and 6 4 star hotels, complemented by several three star hotels, guest houses and aparthotels,
Prime Yield provides consulting and asset evaluation services, which aim to be a plus in supporting and supporting the decision-making of its clients. Established in 2005, the company is present in the main Portuguese-speaking countries, with offices in Portugal, Angola, Brazil, Cape Verde and Mozambique.
Source: sapo news