The mortgage market in Tanzania registered a 1.24 percent growth in the value of mortgage loans as of 30 June 2022 as compared to the 1.41 percent growth recorded in the previous
quarter. On a year-to-year comparison, 7.5% growth was registered in value of mortgage loans as of 30 June 2022. There was no new entrant into the mortgage market during the year. The number of banks reporting to have mortgage portfolios remained at 33 banks. Outstanding mortgage debt as of 30 June 2022 increased to TZS 509.99 billion1 equivalent to US$ 220.23 million as compared to TZS 503.74 billion2 equivalent to US$ 218.07 million reported on 31 March 2022...