Developments within the construction sector have benefited the Tanzania real estate sector through the creation of additional real estate space.

Today, the largest market for investors in the real estate sector can be found in office development, but there are also some opportunities in the development of retail, industrial and residential spaces as well.

In addition to this development, there is the pending passage of legislation that would govern estate agencies, the already amended Land Act, a court to arbitrate land disputes and plans to institutionalize housing financing.

The developments in construction services as well as increases in the overall population growth of the country have created a demand for real estate and the sector is, therefore, primed for investment.

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 to the continued growth of this sector.

The current development projects that are under way, as well as those that are being planned, have created opportunities for interested investors.


Photos:Ayoub mzee