Buying Luxury Property in Tanzania as a Rental Investment

Where Is Tanzania? Tanzania is a country located in East Africa, and situated on the coast of the Indian Ocean, with borders to Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of Congo to the west, Zambia, Malawi, and Mozambique to the south.

The mainland of Tanzania also includes the world famous Mount Kilimanjaro, Africa's highest mountain, while the islands of Zanzibar, popular tourist destinations lie a short distance off of the coastline.

In Tanzania the major cities of note include Dar es Salaam, which is the largest city and economic center of Tanzania, Dodoma which is the official capital of Tanzania, Arusha a major tourism center, and Mwanza on Lake Victoria.

Buying a luxury rental property as an investment involves a combination of traditional real estate fundamentals and the unique considerations that come with high-end properties.

As an investor are the aims cash flow, appreciation, or mixture of both that is the expected result, and is this investment property a short-term rental or long-term lease.

The property may be used personally as well as being an investment for part of the year which is termed a hybrid investment, and this will depend of the net-worth of the individual, and how much personal usage is being considered.

A luxury property that is to be used as a rental property, has to be located in desirable areas for it to appeal, areas such as those with water views, seclusion, night-life and recreation activities.

Those with a high-income are often the types to look for a luxury rental in tourism or executive relocation market. To find just where are the BEST luxury rental properties in Tanzania, that are listed for sale as investments by real estate agents, will start with an online search via a listings portal.

When investing, due diligence is essential in any investment transaction, tax rates, and any local regulations should be reviewed etc. Hiring a real estate attorney is an essential part of the purchase process to ensure all legal paperwork is handled properly.