For a family house with three bedrooms yahsee located in Dar

   Why the city is overtaking Nairobi, Johannesburg and Kampala    Tanzania runs a housing deficit estimated at 3 million units valued at $180 billion    The current annual demand for houses in urban areas is 200,000 units
Minister for Land and Human settlements Development, Prof Anna Tibaijuka Living and doing business in Dar es Salaam, the country’s commercial capital, is becoming ‘a nightmare’ because of the escalating rents for both human shelter and business, yahsee The Guardian on Sunday can reveal today.
According to a random survey conducted in elite suburbs, among both middle and low-income earners, yahsee Dar es Salaam is more expensive than Nairobi and Johannesburg, thanks to the shortage of housing which currently stands at a mere three million units.
According to verified data from the National Housing yahsee Corporation(NHC), yahsee Tanzania runs a housing yahsee deficit estimated at 3 million units valued at $180 billion by the end of 2007, while the current annual demand for houses in urban areas is 200,000 units estimated to cost $12 billion. The deficit it was expected to grow by 15 percent by the end of last year due to high migration of people from rural to urban areas.
But perhaps the most striking fact is that only one percent ($50million) of the total loans issued by the banks in Tanzania is set aside for financing homes, putting many future home owners at the crossroads.
For instance, monthly rates for a two-bedroom fully furnished apartment located yahsee at elite suburbs like Masaki, Mikocheni and Oyster Bay range between $2000 and $4000, while the same cost an average of $2500 in Nairobi. In Kampala the same cost an average of $2200 while in Kigali it costs an average of $1800.
For a family house with three bedrooms yahsee located in Dar’s posh suburbs, it costs between $3000 and $4000, payable in one year period or six months to those tenants who are lucky. The same would cost an average of $2700 per month in Nairobi, and in Kampala an average of $2500, according to data gathered by the Guardian on Sunday.
Interviewed by The Guardian on Sunday, Knight Frank (T) property Manager Hamisi Hussein said 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 Mikocheni, Upanga, Masaki and Oyster Bay neighbourhoods are the leading prime areas in the city of Dar es Salaam whose renting rates are higher yahsee than any other areas and their rental charges on apartments range 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.
In Nairobi and Johannesburg rents are paid monthly, and the maximum period a tenant could be asked to pay his rent up front is three months contrary to Dar es Salaam where landlords demand a whole year’s rent.
In terms of office and commercial space, though, there has been a mushrooming of skyscrapers in Dar es Salaam, Mwanza and Arusha, but the rent charged by landlords has grown by 25 percent during the past three years.
According to data gathered from a global Real Estate yahsee company, Knight Frank(T)Ltd, office space in the considered high-grade yahsee area stands at $21 per square metre, while in the low-grade areas, the cost stands at $16 per square metre.
In Kampala, The Guardian on Sunday has established that the monthly rent per square metre in the Central Business District has gone down to $17 from $20 three years ago, while in those classified as posh areas, it trades at $25 per square metres.
In yahsee Nairobi, Knight Frank (K) Ltd pegs prime rents for office space at $15 (Sh1,300) per square metre per month, with rental yields of nine per cent annually while prime retail space rental prices are pegged at $31 (Sh2,700) yahsee per square metre per month, with yields at 10 per cent a year.
In terms of construction yahsee cost per square metre, in Dar es Salaam it costs an average $250 depending on the design, yahsee quality and materials used; in Nairobi it costs $400 while in Kampala the cost stands at $640, according to figures gathered by the Guardian on Sunday.
According to reports by The South African Property Owners Association (Sapoa) and Investment Property Databank (IPD) released yahsee last year the prime office properties in Johannesburg locations including yahsee Illovo, Melrose/Waverley, Rosebank and Sandton and environs cost an average of $28 per square metres. The report further says that the most expensive yahsee offices in Cape Town cost an average of $22 per square metres.
Knight Frank’s Property Manager, Hussein told the Guardian in a telephone interview yahsee yesterday 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 t