Real Estate Investor Magazine Mozambique Real Estate Investor Magazine Mozambique 2014 | Page 16

upfront

ANDREW GOLDING: “The many
potential pitfalls for ill-informed foreigners
are varied. They range from everything,
including the specific property ownership
regulations and rights to the sales process,
property acquisition and transfer costs and, of
course, pricing.”
MOZAMBIQUE REIM: What piece
of advice will you leave for all our readers
looking to get involved in the Mozambique
market in terms of:
A. Residential acquisitions (for either
personal or residual purposes) in
Maputo and,
B. Holiday investments for foreign
investors?
ANDREW GOLDING: “Mozambique,
meanwhile, has a rising middle class with
more purchasing power, this remains
mainly a rental housing market. However,
it is evident more and more people are
considering acquiring their own homes. We
are facing a change in the market, where not
only investors or wealthy individuals can buy
property, but a wider range of people.
Provinces where the energy sector is more
active tend to have more potential from a
housing accommodation perspective. In
Maputo, with the construction of important
infrastructure, some new development areas
have been created, which facilitates the
entry of new developers and new products.
Due to the current lack of quality properties
and excessive demand, the rental market
is still very costly and challenging, so new
development projects and product offerings
will create attractive opportunities for buyto-let investors to cater for the high demand.
Mozambique is one of the countries in
the world with the highest economic growth
and forecasters predict it will remain steady
in forthcoming years. Natural resource
explorations, sufficient market space for
international and national companies, and
an investment-friendly environment with
investment incentives and sound returns are
just a few of the reasons why investing in
Mozambique makes sense.”
The country is already seeing real estate
developments taking place at a fast pace,
pretty much everywhere. These are naturally,
and in the main, mostly located in the
country’s capital, Maputo. Here, residential,
commercial and industrial real estate
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Mozambique Real Estate Investor

DR ANDREW GOLDING
developments take place in key hubs and
growth nodes. There are a few major projects
underway in Maputo, while one finds even
larger projects taking place in other cities
such as Pemba and Palma (directly related to
the liquefied natural gas [LNG] operations),
Beira (due to its port and commercial
tradition), Nacala and Nampula (due to
the ports and new infrastructure for coal
explorations and shipping), and Quelimane,
among many others.”
MOZAMBIQUE REIM: Once again,
thank you very much for having us Andrew,
and we look forward to discussing this topic
with you again in the near future.
ANDREW GOLDING: “An
pleasure. I’ll look forward to it…”

absolute

Dr Andrew Golding (50) is Chief Executive of the Pam
Golding Property Group. Pam Golding Properties
is represented throughout the country with over
300 offices in Southern Africa and internationally,
including the United Kingdom, France, Germany,
Mauritius, Namibia, Zimbabwe, Botswana, Swaziland,
Zambia and the Seychelles.
He was schooled at St Andrews College in
Grahamstown. He then completed a BSc at
Stellenbosch University, followed by a MB.CHB
degree at UCT with an Honors Degree in Sports
Medicine. Andrew then entered into a private practice
as a General Practitioner on the Atlantic Seaboard,
practicing from 1991 to 1996. He then joined Pam
Golding Properties as Managing Director in 1996,
followed by his present position as Chief Executive.

RESOURCES
Pam Golding Properties
www.reimag.co.mz