Angola, and more the adequately priced, evolving
real estate market of Kenya.
For one, a boom in residential condominiums
results in more availability of choice to the market
and one that is much needed. On the other end of
the spectrum it is somewhat disadvantageous as
many of the citizens and early private real estate
investors have been priced out of partaking in these
projects.
After the turbulent year of 2015 compounded
with flooding of many new apartment units into the
market many developers, and their developments,
are struggling with slowing sales rates and low
occupancy of units. To an investor this may come as
good news with shift of buyer to those with cash on
hand for in which to negotiate reduced prices to that
of a somewhat below market value deal. (BMV)
With the volume of new apartment units flooding
the market it only paves the way for this sector to
experience declining yields in coming years, whereas
free standing housing condominiums may be the
next big thing to come to Maputo.
In terms of luxury projects there is still a market
that is being underserved but is slowly starting to
www.reimag.co.za
take shape and that is of the individual residential
housing condominium, although still highly priced.
It is this area of the market that has the most
potential to grow and is something that should be of
keen interest to many local investors and developers,
especially in the outlying area of Maputo’s constantly
evolving suburbs.
The ever expanding neighborhood of Triunfo is
a prime example of where such developments are
taking place and more affordable pricing points. This
is an area of Maputo that all investors should have
a trained eye, including that of neighboring Costa
do Sol where land prices have soard over the past
12 months..
HOT AREAS TO LOOK OUT FOR IN 2016:
- Triunfo
- Costa do Sol
- Marracuene
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