2 bedroom Bungalow for sale in Matugga Wakiso Uganda, code: 158654
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Quick sale!!!
House on sale seated on 100by40ft with no title Kibanja agreement, located at MATUGGA Hill view just 1km from tarmac road.
It has 2 bedrooms and sitting room
plus store, water and power on site in a good environment.
Asking price is 30million Ugx.
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QR CODE
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100+ RELATED PROPERTIES
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WHAT JOMAYI'S COLLAPSE TEACHES US ABOUT REAL ESTATE.
The collapse of Jomayi Property Consultants Ltd, once Uganda's most prominent real estate company, serves as a cautionary tale for developers navigating the complexities of the industry. As the dust settles on Jomayi's demise, it's crucial for other developers to reflect on the factors that led to its downfall to safeguard their own ventures.Financial Prudence and Debt Management.At the heart of Jomayi's downfall lies financial mismanagement and debt accumulation. The company's inability to honor its financial obligations, particularly to NC Bank, ultimately led to its insolvency. Despite entering into agreements and consent judgments, Jomayi failed to adhere to payment schedules, triggering legal action and liquidation proceedings. For real estate developers, this underscores the importance of prudent financial management, including disciplined debt repayment and meticulous cash flow forecasting.Risk Mitigation and Diversification.Jomayi's overreliance on specific assets, such as the
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THE WHOLE TRUTH AND NOTHING BUT THE TRUTH ABOUT REAL ESTATE INVESTMENT IN UGANDA.
Real estate investment in Uganda has gained immense popularity in recent years, attracting both local and international investors. The allure of owning property in a rapidly growing economy, coupled with the potential for significant returns, makes real estate an attractive option.
However, like any investment, real estate in Uganda comes with its own set of opportunities, challenges, and realities. Here's the whole truth and nothing but the truth about real estate investment in Uganda. 1. A Growing Market with Promising Returns.Uganda's real estate market is on an upward trajectory. Urbanization, a growing middle class, and infrastructural development are driving demand for both residential and commercial properties. Kampala, the capital city, and its surrounding areas are hot spots for investment, with property values steadily increasing. Investors who get in early can reap significant returns, especially in fast-growing neighborhoods around Kampala like Kira, Wakiso, and Mu
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AGENTS ABANDONING THE PRACTICE OF TOPPING PROPERTY PRICES WITH COMMISSION.
Several years ago, when I first ventured into the Ugandan real estate market, a common practice among real estate agents was to top-up property prices with their commission. This practice resulted in each agent having their own price for the same property. Back then, it seemed like a normal part of doing business, as landlords were often unwilling to pay commissions on their quoted prices.
Agents resorted to topping-up property prices in order to secure their commissions, and the more they added, the more they earned. However, this practice had its downsides, including the hardening of landlords' hearts, locally known as "Okuzimba Omutima." As a proponent of capitalism and a believer in free market economics, I initially saw no issue with agents topping up prices. Buyers willingly paid the quoted price, and yet they had plenty of options to choose from. Moreover, topping-up property prices was not illegal.
However, times have changed, and this practice has become incr
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EID-UL-ADHA AND EID-UL-FITR, WHAT IS THE DIFFERENCE?
Eid-ul-Adha and Eid-ul-Fitr are two important festivals celebrated by Muslims worldwide. These festivals hold great significance in Islamic culture and are marked by communal prayers, feasts, and acts of charity. While both festivals are joyous occasions, they have distinct origins, rituals, and purposes. In this blog, we will explore the differences between Eid-ul-Adha and Eid-ul-Fitr, shedding light on their unique characteristics and cultural importance.
Eid-ul-Fitr:
Eid-ul-Fitr, also known as the "Festival of Breaking the Fast," marks the end of the holy month of Ramadan. Ramadan is a period of fasting, prayer, self-reflection, and increased devotion for Muslims worldwide. The festival of Eid-ul-Fitr is a celebration of successfully completing the fasting month and expressing gratitude to Allah for the strength and blessings received throughout Ramadan.
Spiritual Significance: Eid-ul-Fitr holds immense spiritual significance for Muslims as it symbolizes purification, self-
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THE RISE OF VIRTUAL REAL ESTATE AGENTS AND HOW TECHNOLOGY IS TRANSFORMING THE INDUSTRY.
In an era defined by technological advancements and digital innovation, various industries are undergoing significant transformations. The real estate industry, traditionally reliant on face-to-face interactions and physical showings, is now experiencing a paradigm shift thanks to the rise of virtual real estate agents. These agents, powered by cutting-edge technology, are revolutionizing the way properties are bought, sold, and rented. In this blog post, we will explore how technology is reshaping the real estate industry and the implications of virtual agents on the market.
Virtual Reality (VR) and Augmented Reality (AR)
One of the key drivers behind the transformation of the real estate industry is the integration of virtual reality (VR) and augmented reality (AR) technologies. These immersive technologies enable prospective buyers and renters to virtually explore properties from the comfort of their homes. With VR, users can take virtual tours of properties, experiencing a re
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A FUNDING OPPORTUNITY FOR WOMEN IN REAL ESTATE - GROW PROJECT.
The GROW project, a groundbreaking initiative aimed at empowering women in Uganda, is poised to make a significant impact on the real estate sector. By providing financial support and capacity building opportunities, the GROW project is empowering women to become successful Real Estate Investors (here after refered to Realtorpreneurs) and contribute to the economic growth of the country.
One of the most significant benefits of the GROW project for women in real estate is the financial assistance it offers. The project provides grants and loans to eligible women, enabling them to invest in their businesses, expand their operations, and acquire the necessary resources to succeed. These funds can be strategically utilized for various key purposes, particularly within the real estate industry, where women realtorpreneurs can significantly benefit. Here are several ways these funds can be applied:Property Development: Women in real estate can invest the funds into property development
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WHAT EXACTLY IS COMMINGLING IN REAL ESTATE, AND HOW DOES IT APPLY TO REAL ESTATE AGENTS
Commingling is a term that is commonly used in the real estate industry. It refers to the practice of mixing clients' funds with the real estate agent's own money in a single account. In other words, commingling is when a real estate agent uses their clients' money for personal use or puts it in their own account.
Commingling can have serious consequences for both the real estate agent and their clients. For example, if a real estate agent is found to be commingling their clients' funds, they can lose their license and face fines or other penalties. Clients, on the other hand, may lose their money or have their transactions delayed or disrupted.
Real estate agents are required to follow strict regulations when it comes to handling their clients' funds. These regulations are designed to protect clients from fraud and ensure that their funds are used for the intended purpose. For example, real estate agents are required to maintain separate accounts for their clients' funds and
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A QUICK LOOK INTO THE FUTURE OF REAL ESTATE AGENCY IN UGANDA
The real estate industry in Uganda has been steadily growing over the years, with many people investing in property. This has led to an increased demand for real estate agents who can help buyers and sellers navigate the complex world of real estate transactions. However, with the rise of technology and changing market dynamics, the future of real estate agency in Uganda is predictable. In this blog, we will explore the future of real estate agents in Uganda and what they can do to stay relevant in the industry.
Technology Disrupting Traditional Real Estate
Technology has disrupted many industries, and real estate is no exception. With the rise of online marketplaces and digital tools, buyers and sellers can now find and list properties themselves, without the need for an agent. In fact, a survey by the National Association of Realtors found that 44% of buyers in the US found their home online, while only 17% found their home through an agent.
While this trend has not yet ca
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THE IMPORTANCE OF CONTINUING EDUCATION FOR REAL ESTATE AGENTS.
The real estate industry is constantly evolving, and as a result, continuing education is crucial for real estate agents to stay on top of the latest trends and changes in the market. From changes in laws and regulations to advances in technology and marketing strategies, continuing education helps real estate agents to remain competitive and provide their clients with the highest level of service.
Here are some of the key reasons why continuing education is important for real estate agents:
Stay up-to-date with industry changes and trends
The real estate industry is always evolving, with new laws, regulations, and best practices emerging all the time. By pursuing continuing education, real estate agents can stay up-to-date with these changes and ensure they are always following the latest best practices. This can help agents avoid potential legal issues and ensure they are providing the best possible service to their clients.
Enhance your knowledge and skills
Contin
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ENTER YOUR DETAILS BELOW AND IVAN WILL CALL YOU BACK REGARDING THE PROPERTY WITH CODE# 158654
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INSTALLMENT PAYMENT INQUIRY FORM
Please fill out the inquiry form below with all required details. You will receive a response from Goldmine Finance within 48 hours, advising you on installment payment options for your preferred property based on the information provided.
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