Josephine Christopher is a senior business journalist for The Citizen and Mwananchi newspapers
Mwananchi Communications Limitted
Dar es Salaam. Tanzania’s mortgage market is growing steadily, but home ownership through formal financing remains a distant goal for many due to high interest rates, expensive properties and a lending system designed for a limited segment of the population.
Latest data from the Bank of Tanzania (BoT) reveals that by March 2025, the total value of residential mortgage loans had risen to Sh683.03 billion, a 3.6 percent increase from the previous quarter’s Sh659.3 billion. Year-on-year growth stood at 11.14 percent compared to Sh614.5 billion recorded in the first quarter of 2024.
