Lamudi Tanzania, Customer Service Manager, Godwin Lemma speak to the press today in Dar es Salaam.
Lamudi Tanzania, Customer Service Manager, Godwin Lemma speak to the press today in Dar es Salaam.
Growing Demand for Real Estate Fueling Tanzanian Economy: Report
*Leading property portal releases new research on real estate in Tanzania
LEADING property website Lamudi today released its first research report on real estate in the emerging markets. The company’s inaugural white paper provides a comprehensive overview of the future of the property sector in 16 countries in Asia, Africa, the Middle East and Latin America.
The report, Real Estate in the Emerging Markets, provides a comprehensive overview of the future of the property sector in 16 countries, including Tanzania. Based on a series of online surveys
conducted with house-hunters and real estate agents in each country, the report examines the habits of online property-seekers.
On-site
data in Tanzania revealed, that Tanzanians are currently focused on renting their accommodations. However, the increase of urbanization and the predominantly young population is looking to purchase commercial and residential real estate as well.
Research
revealed, that there exists a gap between the current demand for commercial and residential real estate and the existing supply. This opportunity, in combination with evolving government policies, has attracted international investors to the region and is creating a fertile investment environment for Tanzania.
Kian Moini, one of Lamudi’s
co-founders, said: “The current focus of the real estate market in Tanzania, strongly leans towards renting, because the government is still heavily involved in the distribution of housing units. Efforts are however being made to embrace more open market policies, to stimulate
the economy and especially the real estate sector. There exist great future opportunities, as the population becomes more demanding and the private sector becomes stronger.”
Additionally,
the recent discovery of natural gas reserves, has stimulated the economy and also the real estate market. The construction of a new pipeline, has attracted much foreign capital and has created new opportunities for the real estate sector.
The 16 countries covered in the report are: Indonesia, the Philippines, Myanmar, Bangladesh, Pakistan, Sri Lanka, Jordan, Saudi Arabia, Nigeria, Kenya, Tanzania, Morocco, Ghana, Ivory Coast, Mexico and Colombia. The full report is presented in an easy-to-read online format, available for viewing on the Lamudi website. Visit www.lamudi.co.tz/research/.
ABOUT LAMUDI
Launched in 2013, Lamudi
is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 28 countries in Asia, the Middle East, Africa and Latin America, with more than 700,000 real estate listings across its global network. The leading real estate
marketplace offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online.
MEDIA CONTACT
Susan Mumbua
Regional Public Relations Manager
Email: susan.mumbua@lamudi.co.ke
Phone: +254770572435
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