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 residency permits. The government provides tax breaks and processes investment certificates within 24 hours. Local officials welcome international money and regularly meet with developers to address concerns. Beer costs less than $2, making daily expenses manageable for most residents.
CPS chose timber over concrete despite higher construction costs because wood resists mold in humid climates. The company imports pine and spruce from Europe and South Africa for quality reasons. Prefabricated timber components allow faster assembly than traditional building methods. Workers complete structures in days rather than weeks or months. The firm plans to open a local timber factory to reduce shipping delays.
Property prices range from $39,900 for studios to $381,480 for penthouses. Investors earn about 15 percent annually through appreciation and rental income. The company has finished 700 units and aims to build 5,000 homes by 2035.
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 residency permits. The government provides tax breaks and processes investment certificates within 24 hours. Local officials welcome international money and regularly meet with developers to address concerns. Beer costs less than $2, making daily expenses manageable for most residents.
CPS chose timber over concrete despite higher construction costs because wood resists mold in humid climates. The company imports pine and spruce from Europe and South Africa for quality reasons. Prefabricated timber components allow faster assembly than traditional building methods. Workers complete structures in days rather than weeks or months. The firm plans to open a local timber factory to reduce shipping delays.
Property prices range from $39,900 for studios to $381,480 for penthouses. Investors earn about 15 percent annually through appreciation and rental income. The company has finished 700 units and aims to build 5,000 homes by 2035.
