INVESTMENT SUMMIT 24 - 26 NOVEMBER 2014 BEYOND MAPUTO: WHERE ARE - - PowerPoint PPT Presentation
MOZAMBIQUE REAL EST A TE INVESTMENT SUMMIT 24 - 26 NOVEMBER 2014 BEYOND MAPUTO: WHERE ARE REAL EST A TE PLAYERS HEADING TO? MANUEL VIEIRA GUILHERME GODINHO Q? HOW DOES THE INFRASTRUCTURE LANDSCAPE LOOK LIKE? WHERE ARE THE BIG RETURNS? IS
24 - 26 NOVEMBER 2014
MANUEL VIEIRA GUILHERME GODINHO
HOW DOES THE INFRASTRUCTURE LANDSCAPE LOOK LIKE? WHERE ARE THE BIG RETURNS? IS THERE ENOUGH ROOM FOR EVERYONE? EXPATS VS LOCALS WHO´S LIKELY TO DRIVE THE MARKET AND WHO´S MORE SUSTAINABLE
MOZAMBIQUE REAL ESTATE INVESTMENT SUMMIT
MAPUTO | NOVEMBER 2014
HIGHEST GROWTH
SADC A VERAGE ANNUAL GROWTH
FORECAST 2013 - 2018
SOURCE: IMF
25,6 %
INCREASE OF PRIVATE COMSUPTI ON
15,25 %
AVERAGE LENDING INTEREST RATE
INCREASE OF GDP per capita (US$) PPP
REPUBLIC OF MOZAMBIQUE
CAPITAL AND MAIN CITY OFFICIAL LANGUAGE GOVERNMENT
MAPUTO PORTUGUESE FRELIMO
PRESIDENT FELIPE NYUSI
ESTATISTICS (Source: INE)
COUNTRY SIZE POPULATION (2013) CURRENCY (NOV 2014)
801,590 KM2 24,0 MILLIONS METICAL
1 US$ = 30 Meticais
ECONOMIC HIGHLIGHTS (Source: IMF, World Bank)
CURRENT GDP (2013) GDP PER CAPITA (2013) INFLATION RATE (2013)
15,4 BILLION US$ 640,0 US$ 3,54%
WORKING AGE LABOR FORCE (2012) URBAN POPULATION POPULATION (2012) (2012)
12,13 MILLIONS 10,1 MILLIONS 31,2 %
AVERAGE GDP GROWTH GDP PER CAPITA (PPP) AVERAGE INFLATION RATE FORECAST 2012 - 2018 FORECAST 2018 FORECAST 2014 - 2018
7,7% 990,0 US$ 5,6%
COUNTRY RISK PREMIUM MARCH 2014
6,0%
COUNTRY RISK RATING STANDARD & POOR'S
B-
MEGA PROJECTS CONTRIBUTION IN 2012
27,0 % OF GDP
MOZAMBIQUE REAL ESTATE INVESTMENT SUMMIT
MAPUTO | NOVEMBER 2014
THE MAIN LOGISTICS HUB FOR CENTRAL MOZAMBIQUE AND ZIMBABWE
FOCUS ON COAL and O &G
THE CITY WILL BE THE LOCOMOTIVE OF THE MARKET IN THE NEXT DECADE
FOCUS ON SERVICES
FROM 2017 WILL BE THE LARGEST PORT IN MOZAMBIQUE AND
THE MAIN EXPORT TERMINAL OF COAL FROM TETE
WILL BE THE LOGISTIC HUB AND AGRO - INDUSTRIAL PROJECTS
LOGISTICS WILL BE THE FOCUS
FROM 2020 WILL CONCENTRATE THE LARGEST GAS ON-SHORE INFRASTRUCTURE
FOCUS ON O & G
MINING PRODUCTION AND THERMOELEC- TRICAL WILL DRIVE THE MARKET
FOCUS ON COAL & ENERGY
MOZAMBIQUE REAL ESTATE INVESTMENT SUMMIT
MAPUTO | NOVEMBER 2014
MOZAMBIQUE REAL ESTATE INVESTMENT SUMMIT
MAPUTO | NOVEMBER 2014
GAS PIPELINE NEW OR IMPROVED RAIL WAY CORRIDORS NEW AIRPORTS EXPANSION OF PORT LNG & GTL PLANTS NEW ELECTRICAL PLANT FERTILISER & PETROCHEMICAL PLANTS MAPUTO / MATOLA CITY OF BEIRA TETE / MOATIZE NACALA PORT CITY OF PEMBA PALM A AEROPORTO EXISTENTE PORTO EXISTENTE REDE FERROVIÁRIA REDE RODOVIÁRIA
PIPELINES
NEW AIRPORTS EXPANSION OF PORT LNG & GTL PLANTS NEW ELECTRICAL PLANT FERTILISER & PETROCHEMICAL PLANTS GAS PIPELINE NEW OR IMPROVED RAILWAY CORRIDORS MAPUTO / MATOLA CITY OF BEIRA TETE / MOATIZE NACALA PORT
MOZAMBIQUE REAL ESTATE INVESTMENT SUMMIT
MAPUTO | NOVEMBER 2014
CITY OF PEMBA PALMA
MAPUTO
+ RING ROAD + MAPUTO - KA TEMBE BRIDGE
NACALA
+ NACALA CORRIDOR
RAILWAY TETE TO NACALA NEW PORT AT NACALA VELHA
+ NEW INTERNACIONAL AIRPORT
PEMBA
+LNG PROJECT + NEW INTERNACIONAL AIRPORT
+ NEW ELECTRICAL PLANT
MOZAMBIQUE REAL ESTATE INVESTMENT SUMMIT
MAPUTO | NOVEMBER 2014
PEMBA & PALMA
NACALA
NAMPULA TETE & MOATIZE
MOZAMBIQUE REAL ESTATE INVESTMENT SUMMIT
MAPUTO | NOVEMBER 2014
FOREIGN DIRECT INVESTMENT
1 NEW INFRASTRUCTURE 2 INCREASE OF EMPLOYMENT 3 CONSUMPTION OF SERVICES & GOODS 4 PROMOTE SME
BEIRA CREDIT TO THE ECONOMY
1 INCREASE IN PRIVATE CONSUMPTION 2 INCREASE IN HOUSING CREDIT 3 INCREASE IN INVESTMENT
REAL ESTA TE OPORTUNITITES
MAPUTO
1 INCREASED F EMPLOYMENT 2 PROMOTION OF QUALIFIED EMPLOYMENT 3 PROMOTE SME 4 SPECIALIZED INFRASTRUCTURE 5 FUNDING LOCAL PROJECTS
GOVERNMENT GROSS FIXED INVESTMENT
HOUSING OFFICES RETAIL LOGISTICS & INDUSTRIAL HOSPITALITY
MOZAMBIQUE REAL ESTATE INVESTMENT SUMMIT
MAPUTO | NOVEMBER 2014
15,25 % 20 YEARS
MAXIMUM MORTGAGE PERIOD
80,0 %
AVERAGE LOAN TO VALUE RATIO
35,0 % FAMILY WITH A
MONTHLY INCOME
1,800 US$ - 3.000 US$
FAMILY WITH A MONTHLY INCOME
3.500 US$ - 6.500 US$ A T WHA T PRICES MA Y THE MIDDLE CLASS
150.000
HOUSEHOLDS
50.000
HOUSEHOLDS
MOZAMBIQUE REAL ESTATE INVESTMENT SUMMIT
MAPUTO | NOVEMBER 2014
AVERAGE LENDING INTEREST RATE HOUSEHOLD INCOME EFFORT RATIO
MOZAMBIQUE MAPUTO
19.500
HOUSEHOLDS
6.400
HOUSEHOLDS
HOW MANY FAMILIES WILL BE ABLE TO AFFORD A HOUSE?
MOZAMBIQUE REAL ESTATE INVESTMENT SUMMIT
MAPUTO | NOVEMBER 2014
Source: REC Analysis
MIDDLE INCOME FAMILIES Preference for renting 55.00% MID-HIGH INCOME FAMILIES Preference for buying 25.00% HIGH INCOME FAMILIES Preference for buying 5.00% EXPATRIATES Specialized workers Preference for renting 7.5% Managers and Directors Preference for renting 4.0% Professionals and Top Executives Preference for renting 2.0% COMPANIES Buy or Rent 1.5% NATIONAL DEMAND 85.0% FOREIGN DEMAND 15.0%
MOZAMBIQUE REAL ESTATE INVESTMENT SUMMIT
MAPUTO | NOVEMBER 2014
FAC TO RS IN FLU EN C IN G MAR KET D YN AMICS
1
GLOBAL DEMAND FOR NATURAL RESOURCES
2 3 4 5 6 7 8 9
RECOVERY IN ESTABLISHED ECONOMIES COMPETING FOR INVESTMENT $$$$$ MOZAMBIQUE’S ABILITY TO DELIVERY NEW INFRASTRUCTURE PROJECTS FINANCIAL MARKETS MATURITY (INVESTMENT FUNDS & EQUITY FUNDS) IMPROVE PUBLIC TRANSPORT NETWORK IN URBAN & SUBURBAN AREAS IMPROVE INTERCITYS TRANSPORT NETWORK (ROADS, RAILWAYS, AIRWAYS, NAVIGATION) REAL ESTATE INDUSTRY REGULATION, LICENSING, TRAINING AND CERTIFICATION POLITICAL STABILITY INTEREST RATES - COST OF CAPITAL
1
INCREASED QUALITY DEMAND BY YOUNG FAMILIES
2
STRONG NEED FOR NEW BUILDING ST ANDARDS: SMALLER AREAS, MEDIUM QUALITY FINISHES, PERIPHERAL LOCATIONS, LOWER PRICES, ABILITY TO “ADD-ON”
3 INCREASE IN BUYING DEMAND VERSUS RENTAL DEMAND
DEMAN D TRENDS
10 ACCESS TO LAND
T ANCY & VALUA TIONS