Greater Maputo: Real estate market recovers from crisis
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Loading... - Morowa Awuku
- 22 Aug 2022
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The real estate market is turning around after having seen a reduction in demand due to the crises that the country has recently faced both in terms of health, due to the Covid-19 pandemic, and of a financial nature.
Real estate agents interviewed by Domingo say that, since January this year, they have seen an increase in demand both for houses to rent and for purchase in several areas in Maputo and Matola cities, the urban areas showing the greatest dynamism in terms of real estate business.
They also mention that prices were in some cases again fixed in US dollars, as was the case before the crisis. In the case of leases, owners are beginning to opt for foreign tenants because they understand that they take better care of the properties, and also for nationals with small families.
A survey carried out by Domingo found that properties for sale are available at prices up to 60 million meticais [around US$939.300], depending on the location and finishes.
House rentals range from 38,000 to as much as 185,000 meticais [from US$594.00 to US$2,896.00], especially in the centre of Maputo city. Read More...
