Housing
Rents are down in Kampala as supply outruns demand
Property developers in Kampala's prime residential areas, especially those with newer apartments, were forced to lower rents in 2019 to stay competitive as supply overran demand, according to a new report by Knight Frank
The role of banks and developers in creating affordable housing for Ugandans
Uganda’s population is projected to grow from 37 million today to 41.2 million by 2020 (UBOS) and yet the country currently has a housing deficit that stands at close to 1.2 million units
Tough economy bursts Kampala’s property bubble — report
The headwinds that hit Uganda's economy in 2016 did not spare the property sector; it was "a turbulent year for the property market," real estate consultancy Knight Frank says in its Uganda Market Update for the second half of 2016.
Coming soon to Uganda’s stock market: Real Estate Investment Trusts
In about two months, Uganda's stock market will be able to list a new security that makes it possible for institutions and individuals to invest in real estate, and earn high dividend yields that are exempt from taxation.
Lack of local content in construction sector and cheap housing finance irks finance minister
Finance minister Matia Kasaija has decried the shortage of local content in Uganda's construction sector, which he said is one of the reasons housing is very expensive since the imported materials used in building are bought with dollars.
Here’s how much money a Kampala household must earn to buy a new home
If you took out a 30-year mortgage for the cheapest of NHCC's available projects, the two-bedroom unit in Mbarara which costs Shs199 million, you'd have to pay Shs3.5 million per month. A 15-year mortgage for the same unit costs Shs3.6 million per month.
Government to take full control of National Housing, minister says
The government plans to take full control of the National Housing and Construction Company, eleven years after selling a minority stake in the company to the Libyan government, Chris Baryomunsi, the state minister for housing told Parliament on Thursday.
City properties still losing out to suburbs
The CBD is losing out to new properties in neighbouring locations like Bukoto, Bugolobi, Nakawa and Nakasero, which is where most renters are preferring to set up their offices.