A German company transformed a remote peninsula in Tanzania into one of Africa's hottest real estate markets using an unusual building material. CPS Africa constructed Fumba Town from timber rather than concrete, creating the fastest-selling property development in East Africa. The project attracts buyers from 72 countries seeking affordable luxury near pristine beaches. Sebastian Dietzold leads the company and calls Zanzibar a peaceful refuge from global turmoil. Travel experts ranked the island chain as the world's second-best destination last year.
Zanzibar offers investors unique advantages as a semi-autonomous region of Tanzania with special economic zones. Foreign buyers who purchase property worth $100,000 or more receive...