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100+ search results, Furnished listings only
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SOME INTERESTING PROPERTY STATS IN UGANDA.
Uganda, known as the "Pearl of Africa," is a landlocked country located in East Africa. With a population of over 44 million people, Uganda is one of the most populated countries in Africa. Despite being a relatively small country, Uganda has a diverse real estate market, with properties ranging from modern apartments in the city centers to traditional rural homes.
In this blog, we will explore some interesting property stats in Uganda.
Property prices
The average property prices in Uganda vary greatly depending on the location and type of property. The most expensive properties are located in the city centers, with apartments costing between UGX 500 million to UGX 1 billion ($135,000 to $270,000). Houses in the city centers can range from UGX 800 million to UGX 2 billion ($217,000 to $540,000).
On the other hand, properties in rural areas tend to be more affordable, with a two-bedroom house costing between UGX 50 million to UGX 150 million ($13,500 to $40,500). Land pr
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MORNING MARKET BRIEF - SUNDAY, NOVEMBER 24, 2024
Introduction: Welcome to the Daily Morning Market Brief, your comprehensive Situation Report on the pulse of Uganda's real estate market. No day should start without a quick dive into the Real Estate Database (RED) Market Overview or Status Report. Missing out on this crucial information is like skipping the heartbeat of the local property market. Overview: In Uganda's bustling capital city, Kampala, the real estate market is thriving. The city's suburbs such as Naguru, Bugolobi, and Kololo are experiencing a surge in property development.Snapshot: While residential properties in upscale neighborhoods remain highly sought after, commercial properties are also seeing a boost, especially in areas such as Jinja and Entebbe Road. Update: The market is dynamic, with new properties constantly being listed, while others are snapped up quickly, demonstrating the robust demand.Trend: The trend of urbanization is driving increased demand for properties within city centers and suburban areas. Rep
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REAL ESTATE AGENTS WHO CHEAT OTHER AGENTS OF THEIR COMMISSION IN UGANDA
Real estate is a thriving industry in Uganda, offering lucrative opportunities for both buyers and sellers. Real estate agents play a pivotal role in facilitating transactions, helping clients find their dream homes or investment properties. However, within this seemingly robust industry, a disturbing trend has emerged: some agents cheating their fellow agents out of their hard-earned commissions. In this blog, we'll explore the unethical practices that have tarnished the reputation of real estate agents in Uganda and the consequences of such actions.The Commission Structure.In Uganda, real estate agents typically earn their income through commissions and search fees. When they successfully broker a deal between a buyer and a seller, they are entitled to a percentage of the total transaction value as their commission. The exact percentage varies from one agency to another but is usually agreed upon in advance between the agent and the seller.The Prevalence of Cheating.Despite the clear
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SOLUTIONS TO CHALLENGES FACED BY REAL ESTATE AGENCIES.
For a real estate agency, the path to success is not without challenges. From finding qualified leads to managing client relationships, agencies face many obstacles on their journey to success. However, with the right strategies and solutions in place, agencies can overcome these challenges and reach their goals. This article will explore the challenges that real estate agencies face and provide strategies for overcoming them.
1. Finding Qualified Leads:
Securing quality leads remains a foremost challenge for real estate agencies. Diverse approaches such as leveraging social media, networking, and online marketing are essential. However, the real key lies in the ability to assess and identify promising leads among the multitude.
2. Staying Informed on Market Trends:
The ever-evolving real estate landscape demands adaptability. Agencies must remain vigilant, staying informed about market shifts, changing buyer preferences, interest rate fluctuations, and emerging technologies.
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THERE ARE 1,000S OF REAL ESTATE GRÓUPS ON WHATSAPP IN UGANDA.
There may be thousands of "Ugandan based" real estate WhatsApp groups, but not all of them are suitable for you, and not all of them are worth joining. Some of them are quite large, while others are as small as 10 members. Some of them specialize or focus on real estate content only, while others are open to vast amounts of content.
WhatsApp is an easily accessible and user-friendly platform that most Ugandans are already familiar with, making it an ideal choice for creating or joining real estate groups. These groups offer a unique opportunity for networking, enabling users to make valuable connections in the industry, and people are eager to use them to exchange information and experiences in this thriving market.Which real estate groups should you join?
My advice is that you join only those that are started by real estate professionals that you know and network with, focusing on real estate only, as they will provide you with valuable real estate information and data. Meanwh
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EXPLORING ADDITIONAL REVENUE OPPORTUNITIES FOR PROPERTY MANAGERS.
Property management can be a challenging field, requiring a multifaceted approach to ensure the smooth operation of properties. While rental income is the primary source of revenue for property managers, there are several additional streams of revenue that can significantly boost their bottom line. In this blog, we will explore some of the most profitable additional streams of revenue for property managers.
Cleaning Services: Offering professional cleaning services to tenants can be a lucrative revenue stream for property managers. Many tenants appreciate the convenience of having their units cleaned regularly, and they are often willing to pay an extra fee for this service. Property managers can either hire an in-house cleaning staff or partner with a reputable cleaning service provider to ensure the units are maintained in pristine condition.
Construction and Renovation Services: Property managers with skilled contractors or construction teams can generate additional reve
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THE ADVANTAGES AND DISADVANTAGES OF MOVING INTO AN INCOMPLETE HOUSE.
Are you tired of paying rent while waiting for your dream home to be completed? Consider moving into your incomplete house sooner rather than later, as long as it has the basic essentials and also meets the minimum habitation requirements, including the following:
Shelter and Structure: Roof, walls, doors, windows, locks, and ventilation.
Sanitation Facilities: Water source, toilets, bathrooms, and other plumbing.
Kitchen Facility: Cooking area, stove, and food storage.
Once you move in, you will quickly realize that the sooner you move into your incomplete house, the faster you will finish building it. This approach has its advantages and disadvantages, which we'll explore below.
Advantages.1. Stop paying rent. Use the money you would have spent on rent to complete your house. This will help you save money and invest it in your own property.2. Satisfying transformation. Experience the "before and after" transformation of your home as you complete it. Seeing the progress wil
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🇺🇬 HOW UGANDA’S REAL ESTATE MARKET HAS TRANSFORMED SINCE INDEPÈNDENCE.
Since gaining independence in 1962, Uganda has undergone significant transformations across various sectors, with real estate being one of the most remarkable areas of growth. The journey from a colonial past, characterized by land ownership challenges and limited urban infrastructure, to a dynamic and evolving real estate market has been both complex and inspiring. Let's explore the major milestones, developments, and trends that have shaped Uganda's real estate market since independence. Colonial Legacy and Land Ownership.At the time of independence, land ownership in Uganda was heavily influenced by colonial laws and practices. The introduction of the 1900 Buganda Agreement and subsequent land acts created a dual land ownership system, with land divided between mailo (freehold) and leasehold tenures. These early systems often favored colonial settlers and elites, leaving the majority of Ugandans with limited access to land ownership.Independence marked the beginning of significant r
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HOW TO BUY A HOUSE IN INSTALLMENTS IN UGANDA.
Purchasing a home represents a substantial financial commitment, and for numerous individuals in Uganda, paying the entire cost upfront can pose a formidable hurdle. Fortunately, there exist viable alternatives that can transform the aspiration of homeownership into a tangible reality.
One such avenue is the practice of acquiring a property through incremental payments, often referred to as "pay as you go" or "pay mpola mpola." In this article, we will delve into the intricacies of purchasing a property in Uganda through installment payments, providing you with essential insights to guide you through the process.
Determine Your Budget: The first step in buying a house in installments is to determine your budget. This will help you determine what type of property you can afford and what the monthly payment will be. It's also essential to have a clear understanding of your financial situation and any debts or obligations you may have.
Find a Reputable Developer or Real Estate
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