7.01% Year-to-Year Growth in Tanzania Mortgage Loans as of 30 September 2022
Latest Tanzania finance news · 7.01% Year-to-Year Growth in Tanzania Mortgage Loans as… explained · 2022 updates · updated Aug 10, 2026 · economy news · GDP · investment
TLDR
- The mortgage market in Tanzania registered a 2.54 percent growth in the value of mortgage loans as of 30 September 2022 as compared to the 1.24 percent growth recorded in the previous quarter.
- Outstanding mortgage debt as of 30 September 2022 increased to TZS 522.95 billion1 equivalent to US$ 225.46 million as compared to TZS 509.99 billion2 equivalent to US$ 220.23 million reported on 30 June 2022.
- On a year-to-year comparison, 7.01% growth was registered in value of mortgage loans as of 30 September 2022.
- The number of banks reporting to have mortgage portfolios declined to 32 banks as of 30 September 2022 compared to 33 banks reported in the previous quarter following acquisition of First National Bank Tanzania Limited.