A landlord’s guide to Coronavirus tenancy problems in Kampala Uganda

Spectrum Are you wondering what to do if your tenant can’t pay the rent due to Coronavirus? I know a lot of property owners are. Some people I think might believe landlords are all rich and have tons of money. I wish that were the case, but landlords are just trying to pay bills like everyone else. There is no doubt that the economic fallout and job losses caused by COVID-19 will affect all of...

Ugandans unaware of mortgages, says real estate developer

By Benon Ojiambo | Source: NewVision   “There are people paying a million or close to a million shillings in monthly rent yet they will never own those houses. They don’t know that some of the mortgage financing options in the banks provide for the same amounts and they would own those houses,” Many Ugandans are ignorant about the available mortgage financing...

The cyclical nature of property markets

Judy R. Kyanda Subsequent to the release of the Knight Frank H2 Market outlook report a few weeks ago, we have been inundated with inquiries from concerned members of the public, asking and wondering when the market will pick up again, if it is the right time to invest in the property market or put a hold to their development projects. Any prudent investor would ask such questions and we are...

Residential property prices rise by 1.2%

By MARTIN LUTHER OKETCH Price of residential properties in Greater Kampala Metropolitan Area rose up by at least 1.2 per cent in the year ended December 2019, according to a survey by Uganda Bureau of Statistics (Ubos). Great Kampala Metropolitan Area, according to Ubos, covers Kampala and some urban areas of Wakiso District. While releasing findings of the survey in Kampala, Mr Sam...

Uganda’s housing market gradually improving

LALAINE C. DELMENDO This is a housing market which seems poised for growth.  Robust economic growth, declining inflation, a large rental market and good yields.  What more could you wish for? During the year to Q3 2019, the nationwide residential property price index rose by a modest 3.25% (1.3% inflation-adjusted), following a y-o-y decline of 6.9% in Q2 2019 and annual rises of 9.4% in Q1 2019,...

Is Uganda’s real estate ready for digital transformation?

By Carolyne B. Atangaza | Monitor The real estate market is getting a digital makeover and for the past several weeks, the term proptech has become a buzz word. The acronym is the collective term used to describe the wave of technology innovations that have already started to disrupt real estate markets. It refers to the implementation of technology in real estate to streamline processes,...

Buying property now easy for Ugandans in diaspora

Many Ugandans in the diaspora (Diasporans) can testify that buying property back home can be very stressful and challenging.  Thousands have been fleeced by their own. Willy Mutenza, Chairman Uganda Convention-UK, concurs that the process of acquiring property in Uganda is fraught with risks. Many people have lost their hard earned money to unscrupulous friends, relatives, developers and...

Kololo Is A Neighborhood On A Hilltop In Uganda’s Largest City, Kampala

Kololo is a Neighborhood on a Hilltop in Uganda’s Largest City, Kampala The area is known for its serenity and its cultural attractions. BY NANCY A. RUHLING  |  ORIGINALLY PUBLISHED ON JANUARY 18, 2020  |  MANSION GLOBAL Kololo, the upscale neighborhood in Kampala, surveys Uganda’s largest city and capital from its historic sky-high hilltop. The community, which is in...

Uganda’s housing market gradually improving

This is a housing market which seems poised for growth.  Robust economic growth, declining inflation, a large rental market and good yields.  What more could you wish for? During the year to Q3 2019, the nationwide residential property price index rose by a modest 3.25% (1.3% inflation-adjusted), following a y-o-y decline of 6.9% in Q2 2019 and annual rises of 9.4% in Q1 2019, 7.1% in Q4 2018 and 1.7%...

_Knight Frank launches new Africa Horizons report to help investors capitalise on opportunities

For those who don’t understand the breadth of opportunities that Africa offers, the continent can present a daunting prospect for investors. We aim to unravel the mysteries of this great continent through our new report - Africa Horizons. For those who don’t understand the breadth of opportunities that Africa offers, the continent can present a daunting prospect for investors. We aim to unravel the...

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