Tanzania: Houses Too Expensive for Most Citizens

Dar Es Salaam — High costs associated with construction activities are pushing prices of modern houses higher in the country, making it extremely complex for millions of Tanzanians to own up-to-date dwelling places.

Tanzanians, yearning for homeownership can only realize their dreams if they are ready to pay 134 times their annual incomes, according to a UK-based Global Property Guide (GPG)- a research firm that sells data to investors in residential property.

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