Legislation which allows foreigners to buy into multiple resort developments offers a particularly attractive option for South African investors, who are drawn by an environment where serious and violent crime is uncommon, says Ettiene Erasmus, property developer at Mozambique Property Developments & Investments (Mozprops).
Developments like the 42 hectare Bazaruto Island View Estate, 12km from Vilanculos, offers South Africans the chance to begin building their own global real estate portfolio offshore, Erasmus says.
Once complete, the fully contained precinct will include luxury homes, a hotel, beach lodges, a resort, a clubhouse, a business centre, a medical facility as well as a small-crafts marina, with a marine park nearby.
Prices range from R275 000 to R3.5million for a property in the estate.