Assessment of Risk Management of Real Estate Project Performance in Tanzania: A Case Study of National Housing Corporation

In recent years, real estate projects have become fast-emerging in Tanzania; hence the desire for this study to chose the National Housing Corporation (NHC) as the study area. The main objective is to look into how risks are managed in the execution of NHC’s real estate projects. Key interest is on the risks encountered with in most of its projects, response measures as well as probability of risk occurrence and the impact. A sample of 50 respondents was selected. On methodology to solicit data, open-ended and close-ended questions were used. Descriptive statistics were done using SPSS statistical package, whereas a regression analysis was done to get models or equations. Frequencies were run together with crosstab and chi-square to analyze relationship between dependent variable and independent variables. The study established that the risks that NHC faces most of their projects include delayed payments. Another prominently featured aspect was change of political leadership from the fourth to the fifth phase. This was found to be unfriendly to NHC. The shift hitched building of residential houses since the latter president made a shift of emphasis to industrialization - “Tanzania ya Viwanda”. This being the case, residential houses were no longer marketable and even the few individuals who had deposited the initial payments of 25%, went back to collect their money