The mortgage market in Tanzania registered a 3.6 percent growth in the value of residential mortgages to TZS 683.03bn1 as of 31 March 2025 from TZS 659.30bn recorded on 31 December 2024. On a year-to-year comparison, 11.14 percent growth was registered in value of
mortgage loans as of 31 March 2025 (TZS 614.57bn: Q1 2024)

The number of banks and financial institutions reporting to have mortgage portfolios stood at 31 as of 31 March 2025.

The overall average mortgage debt size as of 31 March 2025 was TZS 118.66 million equivalent to US$ 44,438.122 compared to TZS 114.78 million equivalent to US$ 42,985.06reported on previous quarter.

The ratio of outstanding mortgage debt to Gross Domestic Product (GDP) stood at 0.42 percent compared to the previous quarter, 0.40 percent.

Mortgage debt advanced by the top 5 Primary Mortgage Lenders (PMLs) accounted for 62 percent of the total outstanding mortgage debt.

Typical interest rates offered by mortgage lenders ranged between averages of 15 - 19 percent.