Uganda Real Estate Industry
Uganda Real Estate Industry
Uganda Property for Sale and Rent
The Uganda real estate industry woke up to the realities of modernization and property value appreciation about two decades ago. Over time, the Uganda property market has seen a steady growth due to an increased population and bulging local and foreign investment base. Kampala, the capital city of Uganda has seen a steady growth in the real estate industry with the need for Rental Houses and Homes, apartments, warehouses, industrial land and commercial properties taking a center stage.
After Uganda attained independence in 1962, the country had close to 3 decades of unrest that left everything in tatters. When the NRM government came into power, the country began to wake up as more and more investors sought for business opportunities in Uganda where they could put their money. A case in a point was Uganda real estate industry. This sector has got an influx of Indians, Chinese, Europeans, Africans and local investors’ scramble for land in Uganda in a bid to put up various businesses ventures in the country.
Kampala, its suburbs and the surrounding areas have experienced this steady surging in the property values. The industrial, commercial and residential segments have taken the biggest share in this enlarging Uganda real estate industry mainly in Kampala and the immediate surrounding areas.
A look into real estate sector of Uganda, you will find that the property market is pretty to your fondness. The Uganda property market is advantageously developing and offers prospects for greater investments or for doing businesses in Uganda.
The flourishing Uganda real estate is accredited to many playing factors and the growing population coupled with stability attribute highly. Financial institutions especially banks have designed funding packages to meet the demands of the up surging Uganda’s real estate market via financing.
To an investor, when you choose to buy in Uganda, you may rent out your housing structures since the laws are very responsive and the rental value is also determined by the market demands. Nearly 80% of all inhabited properties in Uganda, mainly in Kampala and its surrounding areas are rental properties.
To any investors in Uganda, finding land/space for any form of investment is quite easy especially when you deal with real estate professionals like Ecoland Property Services. There are several options based on your budget and investment preferences.
The lowest average size is usually 50 feet by 100 feet going up. The prices of land in Uganda are determined by the availability of social amenities like power and water. Other factors include road access, the development around the property, the distance from Kampala city centre or any nearby town, the future development prospects in the area and the area’s rental value among others.
The good news is that the Uganda Property industry is now better planned. Real estate companies and agents have got well planned estates that have road, electricity and water contact. Other facilities and services have been well-thought-out as well; security, supermarkets, pharmacies, schools, recreational centres, restaurants, nursery schools and children play areas.
In conclusion, when you choose to invest in East Africa; think about the Uganda real estate industry, its young, under-exploited, semi-virgin and above very promising. The future of business in Uganda largely relies on those with space for residential and commercial use. You are an investor out there and you want to invest in Africa, look no further, set your eyes on Uganda, the land of immeasurable business opportunities.