Tanzania: Mortgage Financing 'Desperately Low'

DESPITE rapid growth of mortgage portfolio in Tanzania, market penetration by banks and financial institutions in housing financing is extremely low, a study into housing market in the country shows.

Presenting a report of the study at a workshop in Dar es Salaam on Friday, the team leaders of researchers, Dr James Mutero said the mortgage portfolio has grown strongly in the recent past, expanding by 46 per cent in 2013.

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