Domestic Sources of real estate Financi...
Sunday, 15 June 2014
Nakumatt takes over Shoprite stores
Kenyan Regional retailer, Nakumatt Holdings, has taken over
the running of three stores it recently acquired in Tanzania. The firm said it
would over the next one month rebrand the three Shoprite outlets in Dar es
Salaam and Arusha. This will bring to four the number of retail outlets that
the firm has in Tanzania, currently running a store in Moshi.
The retailer said it would, over this weekend, undertake a
clearance sale that would lead...
Saturday, 14 June 2014
Tanzania Mortgage market grows by almost 50 pct in 2013, say BoT
The mortgage market in Tanzania has been growing steadily with the picking up of the pace of housing investment, the Bank of Tanzania (BoT) has said’
In its Tanzania Mortgage Market Updates for December 2013, it said as at December 31, 2013 the total lending by the banking sector for the purposes of residential housing was 156.50bn/-, which was equivalent to USD96.8m, representing an annual growth of 46 percent.
The total...
CRDB now offers long-term mortgage loans
CRDB Bank is now offering long-term mortgage loans, bringing new hope to millions of Tanzanians whose dreams of house ownership were dampened by high costs of construction materials. In its recent report, a UK-based Global Property Guide (GPG) -- a research firm that sells data to investors in residential property -- said Tanzanians, yearning for homeownership could realise their dreams if they are ready to pay 134 times their annual incomes.
According...
Friday, 13 June 2014
Tanzania Real Estate Sector Report
While the Tanzania real estate sector is not as highly developed as the construction sector, the developments within the construction sector have benefited the Tanzania real estate sector through the creation of additional real estate space.
The Tanzanian real estate sector has not made significant contributions to the GDP over the last few years, but the government remains optimistic that the recent and planned developments will contribute...
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