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Mozambique

Reall began working in Mozambique in 2017, in partnership with the newly created Casa Real.

Despite the rapid growth of the country’s cities, prior to Reall entering the market, the cheapest available house available from a private developer cost $55,000, affordable to only 1% of the population. Additionally, it is estimated that the equivalent of 2.5 million families, or 60% of the Mozambican population, live in substandard housing. Only 600 mortgages currently exist throughout all of Mozambique, and in 2016 only four mortgages were approved across the whole nation.

With Reall finance and technical support, Casa Real has completed an initial 10-home pilot in the port city of Beira. However, Casa Real’s biggest success so far has been in engagement with banks. Casa Real have signed an agreement with ABSA banks to provide mortgages to Casa Real clients, reducing the minimum income requirement from US$690 per month to just one-third of this amount.

Shortly after completion of the homes, Beira was hit by Cyclone Idai, one of the worst tropical cyclones on record. Despite the vast majority of buildings in Beira sustaining heavy damage or destruction, damage to Casa Real’s homes was minimal, with only the roofing sheets needing repair.

Jobs Created 245
Number of Projects 2
Avg. Basic Home Completion Cost (Last 5 Years) $ 9,457
Total Invested $ 874,016

Delivery of Homes

Houses

Basic Homes
62
Total Expected
40
Complete
22
In Progress
cross subsidy homes
28
Total Expected
9
Complete
19
In Progress

Mozambique Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
MZN 54,895,237
$ 874,016
Grants
MZN 54,895,237
$ 874,016

Based on exchange rate on 30/06/2021

Market Shaping Indicators: Key Indicators

The lack of market intelligence and data is a key constraint undermining private sector participation and good policy engagement in affordable housing.

A joint initiative of the Centre for Affordable Housing Finance in Africa (CAHF) and Reall, the MSIs aim to bridge this gap by making key market data available to all that need it.

Displayed In

1. Land & Infrastructure

% of urban bottom 40 households without access to basic sanitation services

95.6

Bottom 40 See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire 2012 DHS 96.5%
Ghana 2014 DHS 93.15%
Kenya 2014 DHS 88.25%
Morocco 2004 DHS 52.05%
Mozambique 2011 DHS 95.6%
Nigeria 2018 DHS 83.1%
Tanzania 2017 DHS 37%
Uganda 2016 DHS 94.5%

2. Construction & Investment

% of urban population living in slums, informal settlements, or inadequate dwellings

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Country Year Data Source Value
Cote d'Ivoire 2018 World Bank 60%
Ghana 2018 World Bank 30.4%
Kenya 2018 World Bank 46.5%
Morocco 2018 World Bank 9.2%
Mozambique 2018 World Bank 77.2%
Nigeria 2018 World Bank 53.9%
Tanzania 2018 World Bank 40.1%
Uganda 2018 World Bank 48.3%

3. Sales & Rental

Price of the cheapest, newly built dwelling by a formal developer or contractor

3,418,491 MZ$48,147.76

Urban See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire 2018 Site d'annonce et promotion dans l'immobilier en Côte d'Ivoire 15,500,000 CFA$27,087.48
Ghana 2019 Damax Construction Co. Ltd 108,704 GH₵$19,621.66
Kenya 2019 Tsavo Real Estate 4,000,000 Ksh$37,037.04
Morocco 2019 Various real estate websites 250,000 DH$27,027.03
Mozambique 2016 Casa Minha 3,418,491 MZ$48,147.76
Nigeria 2019 Millard Fuller Foundation; Shelter Origins 2,900,000 NGN$7,651.72
Tanzania 2018 CAHF 37,966,107 TZS$16,508.58
Uganda 2019 Various property developers 125,000,000 UGX$34,097.11

3. Sales & Rental

% of urban bottom 40 households that rent their dwelling

N/A

Bottom 40 See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire N/A
Ghana N/A
Kenya N/A
Morocco N/A
Mozambique N/A
Nigeria N/A
Tanzania 2017 National Bureau of Statistics 8.97%
Uganda N/A

5. Enabling Environment

Ease of Doing Business index rank: Global

74

National See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire 2020 World Bank 110
Ghana 2020 World Bank 118
Kenya 2019 World Bank Ease of Doing Business 61
Morocco 2020 World Bank 53
Mozambique 2019 World Bank 74
Nigeria 2020 World Bank 131
Tanzania 2020 World Bank 141
Uganda 2020 World Bank 116

6. Economic Environment

GDP per capita

30,772 MZ$433.41

National See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire 2018 World Bank 1,024,171 CFA$1,789.82
Ghana 2019 World Bank 11,489 GH₵$2,073.83
Kenya 2018 World Bank 173,272 Ksh$1,604.37
Morocco 2018 World Bank 30,725 DH$3,321.62
Mozambique 2018 World Bank 30,772 MZ$433.41
Nigeria 2018 World Bank 659,159 NGN$1,739.21
Tanzania 2018 National Bureau of Statistics; World Bank 2,297,020 TZS$998.80
Uganda 2018 World Bank 2,357,327 UGX$643.02

7. Demand

Population size

29,495,962

National See all MSI countries
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Country Year Data Source Value
Cote d'Ivoire 2017 World Bank 24,437,469
Ghana 2019 World Bank 30,417,856
Kenya 2017 World Bank 50,221,473
Morocco 2017 World Bank 36,471,769
Mozambique 2018 World Bank 29,495,962
Nigeria 2017 World Bank 190,873,311
Tanzania 2019 World Bank 58,005,463
Uganda 2017 World Bank 41,487,000

Browse Projects in Mozambique

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Data last updated on 04/08/2021