Experts: Why Tanzania mortgage market uptake still low
Housing Development Financing Corporation (HDFC) investment director Conrad D’Souza (middle) speaks at the launch of a mortgage bank, First Housing Finance, at an event held in Dar es Salaam last year. Left was a director of Bank M, Mr Simon Gregory, and right is the owner of African Risk and Insurance Services, Mr Sanjay Suchak. Mortgage market in Tanzania remains poorly tapped. PHOTO | FILE
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Lack of reliable sources for long-term funding at affordable interest rates and limited product knowledge on the part of bankers, customers and government officers were added bottlenecks, he says.
