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Average Mortgage Debt Increase to TZS 104.80 Million as of 30 June 2024

Latest Tanzania finance news · Average Mortgage Debt Increase to TZS 104.80 Million as… explained · 2024 updates · updated Aug 10, 2026 · economy news · GDP · investment

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TLDR

  • The mortgage market in Tanzania registered a 1.70 percent growth in the value of residential mortgages from TZS 614.57bn recorded on 31 March 2024 to TZS 625.00bn1 as of 30 June 2024.
  • On a year-to-year comparison, 6.91 percent growth was registered in value of mortgage loans as of 30 June 2024 (TZS 584.59bn: Q2 2023 vs.
  • TZS 625.00bn: Q2 2024).The number of banks and financial institutions reporting to have mortgage portfolios stood at 31 as of 30 June 2024.Overall average mortgage debt size as of 30 June 2024 was TZS 104.80 million.

Latest news excerpts & sources: Average Mortgage Debt Increase to TZS 104.80 Million as…

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Overall average mortgage debt size as of 30 June 2024 was TZS 104.80 million equivalent to US$ 39,286 compared to TZS 102.21 million equivalent to US$ 38,315 reported on previous quarter.

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