Examination of Factors Influencing Acquisition of Housing Finance from Financial Institutions in Tanzania.A Case Study of Ubungo Municipality.

Lindi, Andrew Japhet (2020) Examination of Factors Influencing Acquisition of Housing Finance from Financial Institutions in Tanzania.A Case Study of Ubungo Municipality. Masters thesis, The Open University of Tanzania.

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Abstract

The main purpose of this study was to examine factors influencingacquisition of housing finance from financial institutions in Tanzania using Ubungo as a case study. A detailed literature review was done to set the study within its wide context and to show the reader how the study supplements’ the work already done. The study used quantitative research methods to address research questions. Primary data were collected using questionnaires with closed questions on a Likert scale from owners of plots/ houses under constructions in Ubungo municipality. Collected data was then analyzed using statistical methods (SPSS 20), and the results were presented using simple frequency distribution tables and bar charts. Data analysis showed that there is a relationship between independent variables and dependent variable, where by interest rates, policies and procedures of financial institutions, and enabling environment have direct relationship and they influence acquisition of housing finance. The researcher recommends that the government should address business enabling environment such as taxes on capital gains, reduce interest rates through the Bank of Tanzania (BoT) to enable financial institutions reduce interest rate charged on housing loans, and financial institutions should improve on internal policies and procedures by reducing bureaucracy in the lending process.

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