Mozambique laden with real estate opportunities

 Mozambique laden with real estate opportunities

Mozambique laden with real estate opportunities.

Spread the love

MAPUTO, Mozambique – African real estate is poised for a rebound in the first quarter of 2023, CEO of leading Pan-African professional real-estate services provider, Broll Property Group (, Malcolm Horne has said.

With a population of 30 million, Mozambique presents major opportunities for investors, especially in residential and retail, which are still largely undeveloped sectors with much potential, Horne says.

Looking at the international real estate market, Horne says the obvious winners at present are industrial, data centres and lifestyle, the latter focused on well-being and healthy living, in addition to healthcare. “These have done very well. However, if you compare it to Africa, they have fared equally well.”

“Our success is built on our in-depth knowledge and expertise, based on our tangible understanding of local markets across Africa. This allows us to provide end-to-end real estate solutions based on strategic, fully-integrated property services for both the occupier and investor segments. As a leading provider of end-to-end real estate solutions, an interesting correlation that we are monitoring is the potential relationship between the vaccination rollout in Africa and the associated economic recovery across the continent,” says Horne.

He said there was an apparent correlation across the board between resilient sectors that have stood out. In Africa, industry, data centres and hospitals have been at the forefront of much development. Secondary emerging investment sectors that are rapidly gaining traction include cold storage, self-storage facilities and affordable housing.

“The real challenges lie in offices, retail and hotels,” says Horne. In the case of retail, the sector continues to attract investment.

“Yes, there have been major retailers exiting some African markets, but if you look at the international trend, a lot of landlords have actually invested in retailers in order to get them going again. We have observed a similar trend in Africa in terms of a resurgence of local investor interest in the retail sector.”

However, Horne does not expect the office sector to necessarily shrink in size as companies downsize or consolidate. He sees success being achieved in the Mozambican market by developing quality real estate in selected locations.

“We have all the major real estate sectors present in this market,” says Jose Castilho, Co-Founder Partner and CEO of Broll Mozambique (, a joint venture with Broll Property Group. Being a developing country, the major focus at present is residential, retail and logistics, as well as office developments in the main areas of economic activity such as Maputo.

Castilho stresses the importance of having a resilient investment structure in place. The building cycle can easily last three years, while time to market is 1.5 to three years, which calls for longer-term financial strategies.

“Success can definitely be achieved in the Mozambican market by developing quality real estate in selected locations. Remember, real estate is a long-term game.”

Silence Charumbira

Silence Charumbira is a journalist based in Maseru, Lesotho. He has vast experience having trained and worked in Harare for both state-owned and private media. He freelances for several international and regional papers among them The Guardian. View reputable reputation at The Guardian. He has interests in climate change reporting as well as illicit financial flows reporting with a thrust on how these phenomena affect people’s daily lives. He loves traveling, photography, reading, and writing.

Related post