Dar es Salaam. American real estate company Coldwell Banker has expanded into Tanzania with the launch of its new master franchise in the mainland and Zanzibar, as it seeks to tap into the country’s fast-growing property market.
Tanzania’s real estate market, valued at $1.5 billion in 2019, having grown from $1.2 billion in 2015, contributes 3.1 percent to the country’s economy, according to Statista, with luxury beachfront properties and tourism playing key roles in driving growth.
