Find Property and Real Estate expertise in Mozambique
There are limited commercial and residential opportunities, and mortgages are difficult to obtain. International interest is stimulated by several leading Portuguese companies, including Grupo Pestana, Visabeira and some construction companies; considerable Saudi investment is undertaken by the RANI Group, while investment from South Africa remains most prominent. Land is the sole property of the Mozambican state, and therefore individual and corporate entities need to apply to the state for the concession of the right to use land for a period of up to 50 years, which can be renewed for the same period. A development plan is submitted to the authorities who then issue a provisional land concession certificate, valid for a period of five years for a Mozambican entity, or two years for a foreign entity. If the criteria in the development plan is met during the period, a concession certificate is issued.