Reports indicating that real estate developers and agents found it difficult to find clients to buy and rent high-end properties last year should give them a complete shift in their business models. Developers will be required to adjust to the new economic realities and come up with the type of houses that meet the capabilities of a majority of Dar es Salaam residents.
With a deficit of three million housing units, the market is still vast for developers. The problem, however, is grounded on the fact that most of the past projects were largely meant for high-end clients, those who were capable of paying at least Sh100 million for a unit.
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