DAR-ES-SALAAM, Foreign real estate developers will be allowed to own land in Tanzania to develop properties for sale once the new National Land Policy is enforced, media reports here say.
Under the existing 1995 national land policy, foreigners are not allowed to own land in Tanzania but are granted "durative rights" to have access to land for investment through the Tanzania Investment Centre (TIC).
The reports cited the acting Permanent Secretary in the Ministry of Lands, Housing and Human Settlements Development, Dr Moses Kusiluka, as saying that the new policy seeks to embrace changes which have emerged in the land sector.
There have been a lot of changes since the land policy was endorsed in 1995; the new policy will address all these challenges and put in place new mechanism for land administration and management in the country, Dr Kusiluka explained.
He added that the current land policy discouraged foreign real estate developers because they are not allowed to own land. The proposed policy will therefore enable them to have tittle deeds to the land after which they can sell the houses on the open market, he said.
Last week, Minister for Lands, Housing and Human Settlements Development William Lukuvi, said it was high time the land policy was changed to accommodate changes in the land sector. The government finds it appropriate to amend the policy to improve land administration and management in the country, the Minister explained.
Lukuvi made the remarks when opening the Commonwealth Association of Surveying and Land Economy (CASLE) Conference 2017, which was hosted jointly by the Tanzania Institution of Valuers and Estate Agents (TIVEA) and Institution of Surveyors of Tanzania (IST).
Source: NAM NEWS NETWORK