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Long-awaited real estate law heads for approval
What you need to know:
- This move follows a thorough stakeholder engagement process where the ministry gathered input from industry players to modernize and regulate the rapidly growing sector
Dar es Salaam. The ministry of Lands, Housing and Human Settlements Development has confirmed that the long-awaited review of the real estate law is now in the hands of government authorities for scrutiny and approval before heading to Parliament.
The update follows a stakeholder engagement process in which the ministry gathered input from industry players as part of efforts to modernise and regulate the fast-growing sector.
Speaking to The Citizen, the ministry’s director of real estate, Ms Upendo Matotola, said the draft legislation is undergoing final government review to ensure it aligns with the broader interests of the industry while avoiding adverse impacts.
“The authorities will assess the proposal to confirm it’s appropriate before it is submitted to Parliament,” said Ms Matotola.
She explained that the primary aim of the proposed law is to regulate, coordinate and promote the real estate industry, ensuring transparency and stability for all stakeholders.
“Tanzania’s real estate sector is growing rapidly. Regulation is essential to protect investors, developers, and consumers alike,” she noted.
According to Ms Matotola, the ministry is also finalising the land policy, after which cabinet and parliamentary approval will be sought to initiate the legal process. The planned law is expected to provide for the establishment of a regulatory body for the sector.
She said one of the major issues in the sector is the absence of proper oversight, which has allowed substandard properties to flood the market.
“Real estate relies on data. Accurate information helps investors avoid risky decisions and ensures fair pricing,” she added.
The ministry has taken several steps, including launching the Real Estate Unit in July 2022 and building digital platforms to enhance access to information.
Stakeholder consultations have also been held to address key industry challenges. Industry players have welcomed the initiative but urged the government to consider establishing a development-focused authority rather than a purely regulatory one.
“We need guidelines and clear terms that encourage growth,” said one developer. Stakeholders stressed that with the right institutional framework, the real estate sector’s contribution to the economy co
