Real estate in new builds from developers of Malawi
Malawi. Hot real estate deals
Real Estate in Malawi
Location, climate, and economy
Malawi (officially Republic of Malawi) is an African state bordering Mozambique and Tanzania with the capital city of Lilongwe.
The climate is equatorial monsoon: summer (November-March) is rainy, winter is dry. The average temperature of the warmest month (November) ranges from +20°C in the mountains to +30°C on the coast of Lake Nyasa, the coldest month (July) ranges from +13°C to +19°C, respectively. Snow cover is possible on the mountain peaks.
The economy is closely connected with the private capital of South Africa; a free economic zone has been created in the city of Blantyre in order to organize export-oriented enterprises. Malawi is an agrarian country; sugarcane, tea, potatoes, sorghum, cotton, corn are grown, cows, pigs, goats are bred. The industry is represented by the extraction of limestone, the processing of agricultural raw materials, the production of cement, textiles, footwear, and handicrafts.
Why buying property in Malawi is profitable
The country has picturesque landscapes, unique natural complexes, and is especially famous for its flora and rich water resources: there are many small rivers and lakes. An abundance of fish, a warm climate and clear waters make scuba diving possible with an oxygen tank and snorkel. Lake Nyasa has a fairly developed infrastructure for water skiing and windsurfing. Conditions for a beach holiday have been created there, The luxurious “Sailing Safari” is widely known, passing along the lakes of Nyasa, Malombe, and Amaramba. One of the most beautiful beaches on the Great Lakes of East Africa is in Nkata Bay (the shore of Lake Nyasa).
Real estate in Malawi (new build, resale, residential and commercial buildings) may be of interest to investors in the medium term, given the great potential of the country. Demand and price trend are on the rise. The moderate cost of real estate in Malawi is explained by the fact that the country's infrastructure is still at the development stage. The real estate market in Malawi is interesting for those looking for property for resale, especially in the commercial sector, consisting of shops and offices, industrial facilities (enterprises, warehouses).
Residential real estate in Malawi, as well as commercial, is interesting for purchase in the following cities: in the capital - Lilongwe (an economic center with the best infrastructure), in Blantyre (population of almost a million people, competes with Lilongwe), in Zomba (several interesting properties can be purchased built in colonial style). Feedback from buyers of housing in the residential complex confirms, in general, the compliance of the facilities being built with local building standards.
Property price in Malawi
The cost of a square meter of living space in a new building in the center of popular cities is $12,000, outside the center - $1,100. On the secondary market, you can buy houses for 80,000 USD, an elite villa for 25 million USD. Due to the high dynamics of price changes, it makes sense to use information that is current at the time of the request.
Property types for sale
The following types are on the market:
- residential (primary, secondary) - apartments, houses, villas, etc.,
- commercial fund (hotels, shops, offices, etc.)
- land plots.
Real estate website in Malawi
Selling real estate in Malawi is transparent and safe, however, in order to minimize risks, you should seek advice and legal assistance from experienced professionals. The GEOLN.COM website (with a convenient search interface) contains a real estate catalog in Malawi, where offers for the sale of objects without an intermediary are presented, both new projects from the developers and from the owners in the secondary market.
Buying property in Malawi by foreigners
Foreigners have the right to acquire property in the country, both residential and commercial, land plots. Exception: agricultural land with an area of more than one thousand square meters.
Buying real estate in Malawi is beneficial for the purpose of generating income from rental housing in the medium term, the opportunity to organize a profitable business in a young market, using the acquired commercial property as a store, warehouse, and enterprise.
Real estate prices in Malawi
|Karonga||4,750$ / m2|