Downtown Maputo building falling apart
File photo / A view of Maputto
Prime Yield Consultancy said yesterday that the real estate sector in Mozambique was seen as a safe haven for investors, “despite the slowdown in [economic] activity and falling prices and rents”.
In a report on real estate activity in Mozambique last year, the analysts write that “despite the slowdown in activity and falling of prices and rentals, real estate continues to be seen as a refuge investment”.
The real estate industry “is a class of assets that tends to be approached as an investment refuge whenever the financial sectors are more unstable or with more turbulence,” Prime Yield’s director in Mozambique, Catarina Esteves, said.
The consultant notes that “although market activity is generally stagnant, initially with decreases in revenues and at a later stage in sales figures, there is a lot of available supply and there is motivated demand to buy and apply capital”.
“Those with available capital have an opportune time to create or expend their real estate portfolio in Mozambique,” Esteves says.Source: Lusa