Real Estate

HOME BUYING PROCESS IN UGANDA If you've never done it before or been through the process, buying a property in Uganda may be a challenging procedure with many moving pieces. There is much to learn, and you should be aware of and careful of.  The majority of the parts of the home buying process, including choosing an agent, getting financing, finding the ideal home, the due diligence procedure, and even...

TYPES OF PROPERTY TAXES IN UGANDA Property tax Rental income tax Capital Gains Tax Withholding tax Stamp duty Property Tax (Rates) Property rates in Uganda are levied by local government councils. Property tax is an old tax but almost died a natural death until the enactment of Local Government (Rating) Act in 2005, when it was revived and became active. The current rating is...

In Property - You Make Money When You Buy, Not When You Sell Purchase price is main factor that determines profit later on. A common saying in real estate investing is, “You make your money when you buy, not when you sell.” This means that your purchase price is the main factor that determines your profit later on. Christabel and I give a dose of harsh reality on this edition of #property show...

How Landlord, Tenant Act will reform tenancy in Uganda Purpose: President Museveni on June 10th, 2022 assented to the Landlord and Tenants Bill. The purpose of the Bill is to regulate the relationship between the landlord and the tenant, to reform and consolidate the law relating to letting of premises, to provide for the responsibilities of landlords and tenants in respect to the letting of premises...

WHAT SERVICES DOES A PROPERTY MANAGEMENT COMPANY OFFER? A property management company takes over many of these responsibilities on behalf of a landlord. The company typically has multiple people working for it, so the leadership can delegate duties. One employee may handle the books, while another handles the marketing and yet another handles the tenant relationship. This can free the landlord from...

Condominium Ownership in Uganda: What You Need to Know What do I own? As a condominium unit owner, you have purchased both an individual unit and an interest in the common elements of the condo corporation. What this means is that you have purchased a piece of real estate and have also become part of a wider community of owners that together make up the condo corporation. This shared ownership also...

What do condominium fees pay for in Uganda Some are young people buying their first property. Others are older and often have lived in a traditional detached house and have decided to downsize. Many choose to live in central neighbourhoods, where they enjoy walking to shops, restaurants and arts venues. Condo buyers also like the ease of condo living, knowing they will never have to maintain their own...

Property Investments in Uganda - Buy to Let Buy-to-Let Property Investment Buy-to-Let property in Uganda offers excellent yields with a good capital growth potential and it looks as though the trend is going to continue into the near future. Buy to let involves investing in property with the expectation of capital growth with the rental income from tenants covering the mortgage costs and any...

Affordable Housing in Uganda: How Investors Can Participate and Profit Affordable housing has been a long-running crisis in Uganda. Uganda has a housing deficit of approximately 1.7 million habitable housing units. It is reported that Kampala alone has a housing deficit of 550,000 units. It is further estimated that two decades from now Uganda will have a housing shortage of nearly 8 million units, of...

Carrefour opens supermarket in Naalya Estate Carrefour opened its first store in Uganda last year, expanding in the region after a successful launch in neighbouring Kenya. A second store in the Ugandan capital open on 16th March 2021. The new store is located at Metroplex Shopping Mall in Naalya, taking up space previously occupied by collapsed Nakumatt Holdings and Shoprite. Carrefour Naalya covers...