17 PLOTS FOR SALE AT BAGAMOYO KAOLE

Bagamoyo plots are located 800 meters from kaole university of agriculture and its also near to the indian ocean of a distance of 850 meters.

KIBAMBA RESIDENTIAL PLOTS ON SALE

plots are located 2.5 km from morogoro main road the locality is well built with all the basic social services available.

‘Free land offers won’t make NHC house affordable to all’

Free land offers to the National Housing Corporation (NHC) by town and municipal councils will only reduce construction costs borne by the firm by 20percent.

Even though this would not assure customers of affordable houses as most of the structures would sell at between 28m/-and 30m/-

Speaking to the Guardian in an exclusive interview in Dar es Salaam yesterday, NHC Director of Business Development, David Shambwe explained that the free plots of land will reduce construction cost by 20 percent.

“Once we are able to acquire the land from municipal councils we will be able to cut down construction cost by 20 percent… for that matter, prices of the houses are also expected to plummet,’’ he said.

According to Shambwe, currently prices of NHC house range between 34m/- and 50m/- which he said could drop to between 28m/- and 30m/-.

He said with a positive response from the municipal councils, the Corporation will be able to build affordable house for various groups of people including teachers, health workers and ordinary citizens

Shambwe explained that buyers are allowed to pay in installments but at first the buyers is required to deposit 10 percent of the total value of the house in one of the banks that works with NHC under the mortgage system while the remaining amount is to be paid over a period of between 15 and 20 years.

He further advised municipal authorities to purchase the houses for their workers.

President Jakaya Kikwete made a directive to town and municipal council to allocate plots of land the National Housing Corporation (NHC) under the mortgage system while the remaining amount is to be period of between 15 and 20 years.

He further advised municipal authorities to purchase the house for their workers. President Jakaya Kikwete made a directive to town and municipal councils to allocate plots of land for the National Housing Corporation (NHC) to enable the state firm to build affordable houses for Tanzanians during his official visit to Tanga Region last week

Meanwhile, Alphonse Mwakangale, a Dar es salaam resident appealed to NHC to further reduce the price of the houses to enable low income earners to afford them.

He said 30m/- is still too expensive, “the least I can afford is to purchase a house sold between 10m/- and 15m/-’’ A primary school teacher, Rehema Mubarak recommended NHC for doing a good job but said the price is too high for ordinary citizens hence very few people can afford the house.

“When a house is built by NHC we are sure of its quality and the idea of selling the house to ordinary citizens is great but most of us with low salaries cannot afford them” he said.

According to President Kikwete, construction of the affordable houses is expected to give proper settlements to many people and adorn the municipal councils.

In October last year, NHC officially launched the sale of its 496 low cost houses under a project dubbed ‘My House-My House My Life’ in 11 regions.

The houses were sold at a cost of between 36m/- and 41m/-(VAT executed) and between 43m/- and 49m/- (VAT included)


The houses are in Movomero |(Morogoro), Mkinga (Tanga), Mtanda (Lindi) Mkuzo (Ruvuma), Bombambili (Geita), Mlole (Kigoma), Ilembo (Katavi), Kongwa (Dodoma), Unyankumi (Singida),Mrara (Manyara)and Kibada(Dar es salaam).

MAKING MONEY THROUGH RESIDENTIAL REAL ESTATE

Many excited real estate investors think they can get rich by using a bank loan to purchase and upgrade local fixer-uppers. While investment opportunities in real estate may be better than alternatives like the more homogeneous stock market because the existence of small, local real estate markets that create inefficiencies investors can exploit, you'll need to understand more than this to make money in residential real estate. To go from handyman to real estate tycoon, you must understand the market and the three key ingredients to strong real estate gains.
Look for a Healthy National Market
While experienced and astute real estate investors may be able to make some money in a weak national real estate environment, the odds are against them, and the odds of success for newer investors in such a market are even worse. Rising interest rates can throw a lot of cold water on an otherwise hot real estate market because those who have purchased real estate with adjustable rate mortgages have to pay more to keep it and those who don't have real estate often can't afford it. This leads to reduced demand for real estate, and prices fall accordingly.
Thus, when starting to build your real estate portfolio, the ideal time is in a declining interest rate environment. Generally speaking, not only will your loan be less expensive, but demand is likely to be higher, barring a momentary credit crunch, which can be withstood by good capital management.
Another desirable trait is a healthy gross domestic product (GDP), since this figure really speaks to the overall health of the economic system that supports the real estate market. In healthy GDP times, such as growth above 3% annually, it is rare to see significant real estate weaknesses.
Lastly, unemployment-rate data is often the best leading indicator of market softness. If people see few prospects for income around where they live, they move. In turn, this greatly reduces home price appreciation (HPA).
Choose a Specific Location
If you find flat to falling interest rates, decent GDP growth and respectable unemployment rates in the national market, you can start looking for a desirable local market. Seek out an area with relatively strong appreciation potential relative to other markets. Well-publicized data like the Case-Shiller Home Price Index and Bureau of Labor Statistics unemployment rates are excellent indicators into the future health of the top real estate markets.
Local unemployment data is often a leading indicator to the housing data. The smart investor looks to invest in a city that is exhibiting healthy unemployment trends and relatively strong HPA data. Hopefully, this is a city where you live and therefore have a strong grasp of the vagaries of the local marketplace and can easily manage the property. However, with sound management controls, it can be possible to invest successfully in other locations where quality management partners are available.
Find the Urban Sprawl Inflection Point
Once you have found the ideal city for your desired investment, look for the urban sprawl hotspot. If you see the city expanding and can tolerate some risk, invest in real estate in the outer perimeter. However, if the market looks ominous or vague, stick to the inner rings so that you have a buffer against reverse urban sprawl. Warning signs to stay away from the perimeter include: material unemployment changes and/or slowing economic growth in the local area. Or simply look at the underlying business health of the major employers in the area. If it is weak, layoffs are likely coming, which could start to suppress real estate values due to marginal labor supply attrition. If the business health of the area's major employers is strong, the opposite is true.
Real estate values can vary widely within a metropolitan area. For example, if the average HPA in a city is 5%, it may be 2% downtown, 6% in the first suburban ring and 10% in the second suburban ring. The third ring would likely be farmland with modest HPA potential. Note the phenomenon here. Your most volatile real estate appreciation will happen in the outer ring adjacent to the farmland because this is the outer cusp of the city. This location leverage is exploitable by owning the edge in growth markets. Logically, in a down market, you would want to be in the core. This is where the least depreciation is likely to occur since full housing markets make this the least likely place for supply and demand balance disruption.
Understanding investing risk in different areas of the city is very similar to understanding how financial instruments generally behave. Think of the urban area of a city as investment-grade bonds, the first suburban ring as equities, and the outer ring as derivatives. Understanding where the urban sprawl inflection is occurring in a city can bolster returns on the upside, or protect investment on the downside.
For fun, let us peel the onion one more layer to find the hottest areas. Suppose that you decide to invest in the perimeter since you see economic growth and growing labor demand in the area. You could try to anticipate stoplight location. That is where future commercial properties like suburban strip malls will be built, and as residential real estate development fills in around these future strip malls, property values will likely jump significantly relative to average real estate returns.
Conclusion
The opportunity for above-average rates of return seems greater in the real estate realm than the financial instrument realm since because are fewer eyes looking at nonhomogenous units. In addition, knowing the local market produces investment advantage. A long-term or buy-and-hold strategy is better if you have ample capital and limited opportunities, while a short-term or flipping strategy would make more sense if you have tremendous insight into the sweet spots and limited capital. Regardless of your time frame, you should first look for a strong national market, then a region where publicized data shows decent HPA opportunity, and finally, play the urban sprawl perimeter if you believe the area is growing, or stay away from it if you think it is shrinking. Understanding these key points can help maximize value of any real estate portfolio.

GLOBAL REALESTATE FIRM IN TANZANIA...!!

Global Real Estate Firm Opens In Tanzania

Saturday, 26 July 2014

Real Estate Maximum (RE/MAX), a US-based firm, has established a presence in the Tanzania real estate market, which, according to RE/MAX stakeholders, will help to improve how the industry operates within the country. According to Dr. Ovunc Aslan, the East African Chairman of RE/MAX, they currently plan to establish more than 100 offices across the country, which will address the growing demand and bring new improvements to the industry. "With several years of operating the real estate industry in other parts of the world we have a largest network, enough experience and modern training system, which we will use in improving the industry in Tanzania,” he said, “The country's population is growing faster and as it grows the demand for housing increases, thus there is the need to have a strong real estate industry that will accommodate the fastest growing population.” With more than 40 years of experience on an international level and with operations in more than 90 countries, RE/MAX is the world's largest network of real estate brokers

 

DID YOU KNOW THAT BANK OF AFRICA IS BANK IN TANZANIA WHICH ISSUES LOWEST RATE FOR HOME LOANS WITH LONGEST REPAYMENT PERIOD....!!!

Owning a home is a cherished dream of many individuals. With owning a home come joy, stability and a sense of accomplishment.
Because we at Azania Bank know the contentment home owning brings to you, and because we would like to be a part of your accomplishments and share your joy.

We welcome you to realize your dream, because it makes sense! The minimum requirements for this

• A savings account with Azania Bank amounting to 20% of the expected loan.
• A title deed of the property.
• The sale agreement if you are buying a house.

For more details, click here to download the brochure
HOUSE LOAN PAYMENT SCHEDULE @ 18% p.a or 1.5% monthly
(i) HOUSE PURCHASE (Tshs. 000)

NO. of years	5000	10,000	20,000	30,000	40,000	50,000
1	451	903	1,805	2,708	3,610	4,513
2	242	485	970	1,455	1,939	2,424
3	173	347	693	1,040	1,387	1,733
4	139	278	557	835	1,113	1,392
5	119	238	476	714	952	1,189
6	106	211	423	634	846	1,057
7	96	193	386	579	772	965
8	90	179	359	538	718	897
9	85	169	338	508	677	846
10	81	161	323	484	645	807

(ii)HOUSE CONSTRUCTION (Tshs. 000)

Grace Period	5000	10,000	20,000	30,000	40,000	50,000
Month 1	63	125	250	375	500	625
Month 2	63	125	250	375	500	625
Month 3	63	125	250	375	500	625
Month 4	63	125	250	375	500	625
Month 5	63	125	250	375	500	625
Month 6	63	125	250	375	500	625

NO. of years	5000	10,000	20,000	30,000	40,000	50,000
1	451	903	1,805	2,708	3,610	4,513
2	242	485	970	1,455	1,939	2,424
3	173	347	693	1,040	1,387	1,733
4	139	278	557	835	1,113	1,392
5	119	238	476	714	952	1,189
6	106	211	423	634	846	1,057
7	96	193	386	579	772	965
8	90	179	359	538	718	897
9	85	169	338	508	677	846
10	81	161	323	484	645	807

 

PLOTS FOR SALE @ KIBAMBA

10 plots for sale at kibamba njia panda ya shule 2.5 km from main road (morogoro road) with good locality and all social services are available. please contact this number 0714396661 or 0654375765 for more information

MPIGI MAGOHE PLOTS FOR SALE

Discover value at Mpiji magohe,located with 10-12 kilometers from mbezi kwa Yusufu and Bunju B bustling locations. Mpigi Magohe with great land scape.The surveyed plots are easily accessible though Mbezi kwa Yusufu or Bunju B

Please call:
0785 309 316
0717 556 945

OFFICE RENTING A NIGHTMARE IN DAR ES SALAAM CITY CENTER

RENTING for office space in the city centre of Dar es Salaam has currently become a nightmare despite of the current high rates introduced for renting space which has been in place for the last three years, a property management expert working with the famous Knight Frank (T) Ltd has said. The firm’s Property Manager, Hamisi Hussein said recently in a telephone interview in Dar es Salaam that, the maximum rental office space on commercial grade for an office property in Dar es Salaam city has increased by 25 percent for the last three years. He said within the period under review the renting for office spaces which is hired to clients by his company and charged in terms of US Dollar, has increased from $ 15 to current $ 21 per square meter per month while the lowest has increased from $ 10 to $ 16 per square meter for the last three years. These rates are slightly lower than what is being charged in other buildings on the outskirts of the city. For instance, at Mlimani city located in Mwenge, renting charges is measured at $ 40 per square meter. However, Hussein has attributed the sudden increase as to have been exacerbated more by the recent introduction of a Value Added Tax (VAT) on property renting which started effectively during 2012/13 financial year. In addition to these renting rates, clients in most properties have to pay a service charge of between $ 3 to $ 4 per square meter. This is for other expenses such as water, security, fumigation and refuse collection as well as land scaping with the exception of electricity and telephone charges. Apart from office renting rates, there are other residential renting rates which are hired at an exorbitant price rates in most prime areas within the city of Dar es Salaam. According to Hussein the high class apartments are hired at between $2,000 and $ 8,000 per month depending on the location and quality of a house. He says that, in Mikocheni, Upanga, Masaki and Oyster Bay, these are the most leading prime areas in the city of Dar es Salaam whose house renting rates is higher than any other areas and charges their apartments at between $ 3,500 and $ 8,000 per month. Other areas under which his company operates is at Kijitonyama, Kinondoni and Mbezi Africana on the outskirts of the city. In these areas an apartment is hired at between $ 1,500 and $ 3,000 depending on its location and quality. Due to the increased scarcity of the office spaces however, some residential flats in prime areas of Dar es Salaam have been converted to commercial properties, and that this is happening because offices are scarce in the city’s central business district (CBD) in downtown Dar es Salaam, this is an aspect which has forced many people to look for offices in the city’s outskirts. An aerial view of the Dar es Salaam city. Areas that have been affected most include Upanga, Oyster Bay, Masaki, Mikocheni, Kinondoni and Sinza areas which are also increasingly becoming office blocks. According to the source, all prime office properties available at CBD are fully occupied. However, he further noted that the trend is set to increase in future as the scarcity of offices is increasing in the city. Another real estate expert who spoke on condition of anonymity has noted that, turning residential buildings into offices was contrary to regulations although the trend is a sign of the growth in the real estate industry. He said it was an indication that there was an influx of investors in the country, hence increasing the need of office space in most prime areas. The other reasons might have been due to new companies’ expansions and the situation was contributing to the rising demand. However he added that high rate renting in Dar had become a problem as many people prefer having offices in the CBD where most government offices are located and where social services are provided reliably. Meanwhile, an official with the Dar es Salaam based housing stakeholders commonly known as 'Merchant Chamber' has said that, there are an estimated 14 million people who spends approximately 40 percent of their income for rent housing mostly single rooms in urban areas in the country. The organisation’s Secretary General Shaukat Jaffer told The Guardian in an exclusive interview early this week in Dar es Salaam that, the high cost of renting a house is due to the shortage of 3 million housing units facing low income people in most towns and cities in the country. He said that, there is an annual average increase of 200,000 housing units in cities and towns in the country which does not suffice to cater for the need of the people in urban settlements. But despite of this slow pace of real estate development, the cost of house rent is spiraling in the city of Dar es Salaam with house owners who keep on raising the cost of their house rents year after year. The survey can reveal that, houses in prime areas are hired at an exorbitant price rates than those in ordinary areas. It has been noticed and carefully monitored with proof that, whenever the Tanzania Electricity Supply Company (TANESCO) rises the cost of their utility, owners of houses also finds it a loophole to raise the cost of their houses on pretext that the power utility firm has increased the use of electricity. The survey by this paper has discovered that, the cost of house rent in various city’s suburbs differs depending on the location of the house and its value. For example a house in Buguruni is rented differently compared to the one found in Kinondoni or Magomeni area. The survey has discovered that, renting a room closer to a central business area is fetched at a much higher rate than that one in far flung area. The reason being that, the nearest located house to a central business has good potential than those in distant areas owing to many potentials including less expenditure on transportation. It has been discovered that, a house is hired at between Sh. 300,000 and Sh. 500,000 per month for middle class people and a single room is hired at between Sh. 30,000 and 80,000 in various parts of the city suburbs. Most single rooms are affordable by low income people majority of who are in the lower class. Most rooms in this category are found in slum settlements that cover about 75 percent of the total area of the city of Dar es Salaam. The areas are Manzese, Kimara, Tegeta, Bunju, Salasala, Mwenge, Ubungo and Kawe which are in Konondoni district, Vingunguti, Kipawa, Uwanja wa Ndege, Jetty Lumo, Kinyerezi, Ukonga, Gongo la Mboto, Tabata, Segerea and Buguruni in Ilala district. Kurasini, Mbagala, Tandika, Temeke, Kigamboni and Mbagala in Temeke district. All, of these areas compose Dar es Salaam city. All renting costs are exclusive with the charges of electricity and water supplies which are paid separately as additional expenses which a person who hires a house has to incur as operational costs Posted by Emmanuel Onyango at 10:21 PM

CAN YOU MAKE YOUR DREAM HOME COME TRUE ?

 For house design and construction please contact with property king Tanzania
0654375765

SURVEYED PLOTS FOR SALE @ BOKO MARIASILI

SITE ANALYSIS
Address: Residential
Boko Mariasili
Location within Neighborhood: Very Good
Image of Location: Very Good
Land Area:
Gross Land Area: 800 Sq. m.
Excess Land Area: 0 Sq. m.
Primary Road Frontage: 1metre
Secondary Road Frontage: 10 metres
Access: Direct.
Shape: Polygon
Corner Lot: No
Paved Street: No
Sidewalk: Excellent.
Utilities
Public Electricity: Yes
Water Supply: Municipal Public
Public Sewer: YesAdequacy of Utilities:Average
Street Lighting: No
Easements/Encumbrances: No
Environmental Issues:No
price 50 milions

HOUSE FOR SALE AT KIJITONYAMA

10 RESIDENTIAL PLOTS FOR SALE IN BAGAMOYO KAOLE

10 Surveyed low and medium residential plots with title deed available for sale @ bagamoyo kaole 10000Tsh per square meter
Very good offer.
Only serious Buyer For any Question and site visit please call +255654375765 or E-mail address: mtwevegeofrey@gmail.com or propertykingblog@gmail.com

RESIDENTIAL PLOTS FOR SALE IN BAGAMOYO

1.Plot @ Bagamoyo (Kimara ng,ombe urban area near nianjema) for Sale. Quiet and fresh air environment area. Only one Plot left now .Plot Size 30X20 Feet total area in square meter 600 and all documents are Available ASKING PRICE: 4.5 M

2.PLOT LOCATION:Kerege bagamoyo
PLOT SIZE: 1100 sqr meters
DISTANCE FROM ROAD: 1.5KM
SERVICE: Water available,  electricity 1km from from far few built double storage properties
ASKING PRICE:6.5 negotiable


3.PLOT LOCATION:Kerege bagamoyo
PLOT SIZE: 1204 sqr meter
DISTANCE FROM ROAD: 100 meters
SERVICE: Water available, electricity few meter from source
ASKING PRICE:9 negotiable
  

CONTACT
Only serious Buyer For any Question and site visit please call 0654375765 or e-mail adress: mtwevegeofrey@gmail.com or propertykingblog@gmail.com

PLOTS OF SALE

PLOTS OF SALE AT KIFUMA NGAO MKURANGA

Large chunks of land available for sale in Mkuranga (Magawa) listing at 1.5million per acre.
More than 50 acres available

Price: TSH 1,500,000
Date Listed: July,3 2013

Email Address: Click to Email
Phone: +255 718 070 652
Area: Mkuranga -
...
From Mbagala to Mkuranga divert to your left. 15km for main road. Village name is Kifuma Ngao

RESIDENTIAL PLOTS FOR SALE AT KINYEREZI

  Plots are available in a range of size of 391 square meters (title deed) and 461 square meters (letter of offer) with a price of Tshs 25mil and 20mil. They are all suitable for residential home.

Price: TSH 25,000,000
Date Listed: July 3, 2013

Email Address: mtwevegeofrey@gmail.com
Phone: 0654375765
Area: Dar Es Salaam - At Kibaga

VIWANJA VINAUZWA BAGAMOYO

 

KITOPENI

Idadi – viwanja 19

Matumizi- kwa ajili ya makazi

Hadhi: Vimepimwa na miundo mbinu ya awali kama barabara tayari zimechongwa 

Mahali :Vinapatikana KITOPENI-BAGAMOYO. Ni Kilometer moja kutoka kwenye barabara kuu ya DAR ES SALAAM -- BAGAMOYO

UKUBWA: Kila kiwanja kina square Meter za mraba 1000

Bei   zake  ni 10,000/= Tsh  kwa square meter ya mraba  moja

SANZALE

Idadi – viwanja 14

Matumizi- kwa ajili ya makazi

Hadhi: Vimepimwa na miundo mbinu ya awali kama barabara tayari zimechongwa 

Mahali :Vinapatikana SANZALE- BAGAMOYO. Ni Kilometer moja kutoka kwenye barabara kuu ya BAGAMOYO -- MSATA

UKUBWA:  Vina square Meter za mraba KUANZIA 800- 1000

Bei zake  ni 10,000/= Tsh  kwa square meter moja ya mraba 

Mawasiliano:

Phone; 0654375765

Fax mail; 0736603638

Email; propertykingblog@gmail.com

            mtwevegeofrey@gmail.com

Blog: www.property-king.blogspot.com



 

OFFICE TO LET @ UPANGA

OFFICE TO LET

LOCATION: UPANGA

Amverton Palm Beach, Upanga's latest office and retail park, is now leasing. Strategically located by Selandar Bridge, Amverton Palm Beach provides ease of access to the City Center, Masakiand beyond. Our pride lies in assuring an efficient and effective work environment by combining contemporary amenities and utilities such as 24/7 CCTV surveillance, access card entries, automatic backup generators and plentiful parking.

MOB: +255 684 284 399 begin_of_the_skype_highlighting

                                              brought to you by PROPERTYKING(T)LIMITED

end_of_the_skype_highlighting

HOUSE FOR RENT @ BUNJU B

 

 

 

 

 

simple master  bedroom and sitting room with very accessible environment to the main road and bus stop.

Rent: TSH 160,000/6 Months
Phone: +255 656 342 708  FREE +255 656 342 708
Bedrooms: 1
Bathrooms: 1
Area: Dar Es Salaam - The house is located at Bunju "B" few meters from New bagamoyo           road and near by bus stand, fenced, and safe car parking. The house is simple but complex            self contained. sitting room and master bedroom

2 BDRM HOUSE FOR @ KIBAMBA

             

Brand New House for rent at Kibamba CCM with two bedrooms one of them is master bedroom,enough sitting room space, kitchen, public toilet and bathroom nicely finished with tiles  plus fan in every room and sitting room. The house has water and tank  parking area for one car and enough area at the back house .
Tsh 250,000/= per month, Located at Kibamba CCM 500 meters from bus stand surrounded by Kibamba Secondary & Primary School and Kibamba Police Post

Email Address: Click to Email
Phone: +255 714 232 582 sponsor by propertyking(T)limited

2 BEDROOM HOUSE FOR RENT @ MBEZI KWA MSUGULI

5 houses each with 2 bedroom (one master) kitchen fenced with a beutifull garden, enough packing space ,water full time available and transport convinient for more detail

  CONTACT
Phone 0654375765
           0718479097
email; mtwevegeofrey@gmail.com