Purpose - This paper aims to determine the maturity of real estate markets in Sub-Saharan Africa (SSA) with focus on the United Republic of Tanzania and the Republic of South Africa. These individual markets are investigated on the basis of market maturity features such as market transparency, connectivity with international capital markets, commercial building offer, domestic and international corporate base.Design/methodology/approach - The present study is placed on an empirical investigation of the assessments of local real estate experts concerning the Tanzanian and South African real estate market. The survey is based on self-administrated questionnaires regarding the countries characteristics and their real estate markets within categorical rating scales.Findings - The comparison between nascent Tanzania and emerging or even mature South Africa represents the diversity of the real estate market characteristics in the SSA region. Potential foreign real estate investors are provided with objective information concerning the real estate market activity in order to identify the opportunities and risks in comparison to global investment alternatives.Research limitations/implications - As Sub-Saharan Africa represents all African countries located south of the Sahara the region is characterized by diverse geographical, socio-cultural and historical conditions. Given that the real estate market maturity indicators cannot be generalized and adapted to any other African country without analyzing the real estate market efficiency the need to enrich future studies was noted.Originality/value - Benchmarking tools such as the Market Maturity could close the gap between investment opportunities and the absence of foreign real estate investments activity in Sub-Saharan Africa.