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Tanzania’s property market continues to flourish

Tanzania’s property market is set to grow sharply in coming years, supported by strong, uninterrupted economic growth. Tanzania’s economy grew by 7% in 2018, following an average real GDP growth rate 6.5% from 2000 to 2017, primarily driven by its booming construction sector. Since taking office in November 2015, President John Magufuli has embarked on an ambitious program of industrialization, investing billions of dollars …

Property Jun 12, 2021 0 Continue Reading

How is the property purchase process in Tanzania

The state owns all land in Tanzania. Therefore, there is no private ownership allowed for both citizens and non-citizens. Nevertheless, the Government grants rights of occupancy of land and derivative rights. A right of occupancy is valid for 5-99 years, renewable. A derivative right, on the other hand, can be held for 5-98 years. For a foreigner to obtain a right of occupancy, s/he …

Property Jun 12, 2021 0 Continue Reading
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