London City will be hosting a special event on real estate and properties in Tanzania, in May 2025.
The High Commission of Tanzania to the United Kingdom is organising what is being labelled as the Tanzania Property Event to take place on Saturday, the 3rd of May 2025 in London.
The maiden event, according to Mbelwa Kairuki, Tanzania’s High Commissioner to the United Kingdom, will provide an opportunity for participants to meet with key Tanzanian real estate developers.
Delegates will be coming from the public and private sectors as well as financial establishments and social security institutions.
Participants will showcase opportunities for investment in real estate development in the Tanzania mainland and Zanzibar Isles as well as access to real estate and housing finance.
The Tanzania Property event is expected to take place at the London Marriott Hotel in Grosvenor Square (W1K 6JP) from 3 to 6 p.m.
The property event in London may encourage more entrepreneurs in the UK to consider investing in the real estate sector in Tanzania.
The state-owned, National Housing Corporation remains the biggest landlord and leading real estate investor in Tanzania.
The growing population in the country seems to favour real estate investments in Tanzania.
Other contributing factors include a rapidly growing healthy middle class and real opportunities for property development, political stability and an appropriate regulatory framework.
On the other hand the discovery of oil and gas, substantial mineral resources, tourism and agriculture have helped make Tanzania one of Africa’s fastest-growing economies, with an annual Gross Domestic Product growth in the region of 7 percent and counting.
Still, the country is yearning for adequate, affordable and quality residential housing and office space in Tanzania’s major cities like Arusha, Dar-es-salaam and Mwanza.
There are many skyscrapers in Dar es Salaam that have offered the necessary space for the offices and apartments in the city but the average house in the urban area costs about 30 times the salary of a Tanzanian middle class.