Browsing: Real estate in Tanzania

In the modern world, affordable housing is becoming a complex issue for many people, especially in Africa. Across the region, rapid urbanization, which has boomed over the past decade, has made affordable, decent housing challenging precipitating the emergence of informal settlements. 

In the case of Tanzania, Dar es Salaam, the commercial pulse of Tanzania, is struggling to develop cities that bring inclusive growth and job opportunities for people, the Kigamboni City Project tried by failed.. 

A December 2015 publication by the World Bank argued that Africa could have as many as 1.2 billion urban dwellers by 2050 and 4.5 million new residents in informal settlements each year, most of whom cannot afford basic formal housing or access mortgage loans.

The informal settlements or slums is particularly pronounced in big African cities. In 2020, 24.2 percent of the global urban population lived in slums. In Sub-Saharan Africa, the slum

Africa has never been at a better time to capitalize on the real estate market. The sector is rigged with plenty of modern technology that offers myriad opportunities that shift away from traditional uses and increase transparency and efficiency. 

Africa Business Insider pointed out ten pathways for investors to benefit from investing in the African real estate market in 2022. 

Long-term residential rentals are argued to be one of the fastest ways for an investor to garner profits as the rising population in Africa calls for substantial development of decent shelter. 

Real estate investment trusts (REITs) allow investors to acquire profits without holding physical property. According to Business Inside Africa, REITs provide diverse opportunities to investors, primarily in the market niches.…