Uganda 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...

REAL PROPERTY TAXES IN UGANDA By the end of this article, you should be able to know. Meaning of property tax The Law How Does Property Tax Work? Property Valuation How To Calculate Property Tax Property Tax: What It Is, What It Does and How It’s Calculated Property tax is an assessed fee based on the value of a property. And it is just one of many expenses that must be accounted for...

 UGANDA REAL ESTATE MARKET IS AN INVESTOR’S GOLDMINE Overview of the Housing Market Housing Demand: According to Uganda Bureau of Statistics, demand for housing continues to grow in Uganda, amidst rapid population growth and urbanization. Uganda has a deficit of 2.1 million housing units growing at a rate of 200,000 units per year (www.globalpropertyguide.com). It is expected that by 2030 the...

TWO MONTHS FREE PROPERTY MANAGEMENT KAMPALA Spectrum Real Estate Solutions will be offering TWO MONTHS FREE MANAGEMENT for all landlords bringing a new property to us in Feb & March. For our existing and valued landlords, who already have a property managed by us, if you REFER A LANDLORD to us who then takes advantage of the TWO MONTHS FREE MANAGEMENT offer then you too will receive TWO MONTHS of...

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...

Helpful Tips for Buying a New Condominium in Uganda First, what is a condo? How does one define a condo? And how is it different than an apartment? A condo is a single residential unit that an individual owns inside a multi-family building. Structurally, an apartment building and a condominium complex are the same in that there are multiple units within one building, but the key difference is that...

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...