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For Rent;
2bedrooms 3bathrooms in Kiwatule at @1.5M with ample parking space and Security guard, located in the well organized neighborhood,
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100+ RELATED PROPERTIES
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THE CHALLENGE OF DEALING WITH SELLERS WHO ARE IN NO HURRY TO SELL.
Sellers who are not in a hurry to sell can pose a unique challenge for both eager buyers and proactive real estate agents. The reasons behind their lack of urgency vary, ranging from financial stability to speculative expectations. In this blog, we will explore the frustrations and dynamics involved when dealing with sellers who are in no rush to part with their properties.1. Financial Comfort:One common scenario involves sellers who are already renting out their property, enjoying a steady stream of income. This financial stability eliminates the urgency to sell, as they are content with the current arrangement. The lack of pressure to finalize a deal can be frustrating for buyers and agents eagerly looking to close transactions.2. Overpriced Listings:Some sellers choose to list their properties at significantly higher prices, often double or triple the market value. This strategy is often employed with the hope that a buyer seeking to conceal illicit funds in real estate will come al
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THE BEST PLACES TO GÈT PROPERTY BUYERS IN UGANDA.
Buying and selling property can be a daunting task, especially if you are a first-time buyer or seller. Finding the right buyer for your property can be challenging, and it requires a lot of research and marketing. However, with the right resources and tools, it's possible to get potential buyers for your property. In this blog post, we will explore some of the best places to get property buyers in Uganda.
Online real estate platforms
Online real estate platforms such as Realtor Uganda, Lamudi Uganda, and Real Estate Database (RED) are excellent places to get property buyers in Uganda. These platforms have millions of active users, and they offer a wide range of features that allow you to list your property and connect with potential buyers. Some of the benefits of using online real estate platforms include the ability to reach a wider audience, easy listing management, and access to real-time data on market trends.Social media
Social media is a powerful tool that can help y
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HOW TO WRITE PROPERTY LISTING DESCRIPTIONS THAT SALE.
The Real Estate Database (RED) has been facing a challenge with poorly written property descriptions by agents. Most descriptions lacked depth and would only list the property specifications without any context. To address this issue, a new feature that automatically generates descriptions has been introduced on the RED platform. This feature enables agents to create comprehensive and enticing descriptions effortlessly.
To use this new feature, agents need to enter a basic description of the property along with all the specifications and amenities in the description box. With just a click on the "Generate Description" button, the RED system uses Artificial Intelligence to automatically create a detailed and elaborate description of the property. However, the agent may need to remove irrelevant items to ensure a perfect reflection of the property.
A well-written property description is crucial in marketing and can hook the buyer, answer important questions, and persuade them t
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PROPTECH AND FINTECH ARE LEADING THE XTECH REVOLUTION IN UGANDA.
A technological revolution is sweeping through traditional industries in Uganda, fundamentally transforming how businesses operate and interact with their customers. At the forefront of this transformation are PropTech and FinTech, two technologies that have not only redefined their respective industries but have also set the stage for the broader XTech movement across the country. The Emergence of PropTech: Pioneering the XTech Movement.PropTech, or Property Technology, was the first of the XTechs to emerge in Uganda with the launch of the Real Estate Database (RED), marking the beginning of a new era for the real estate industry. Traditionally, real estate marketing was often characterized by lengthy paper-based processes, and limited access to information. However, PropTech has revolutionized this landscape over the last several years by introducing additional digital platforms like Lamudi Uganda and Realtor Uganda which streamline property search, enhance transparency, and pr
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WHAT THIS VIRAL IMAGE TEACHES US ABOUT REAL ESTATE.
I've seen this viral image floating around various social media platforms for quite some time now. And every time it pops up, it's used to tell a story that completely misses the point, or at least overlooks the [real estate] depth it holds.As someone deeply involved in real estate, this misinterpretation makes my brain boil. Why? Because the image is packed with hidden insights that, when carefully unpacked, can teach us powerful lessons about decision-making, distraction, and opportunity in the property world.
Before we get into the real estate takeaways, let's first look at what the image really shows. Many viewers focus only on the obvious, a man seemingly locked in a cell, trying to reach for a loaf of bread or for a key using a stick. But if you take a closer look, you will begin to notice the contradictions and hidden details that shift the entire meaning of the image.
Let's break it down:
He needs to eat first before he can embark on a long escape. Lesson: Just like in
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CAN UGANDA’S WORKING CLASS AFFORD A 3-BEDROOM HOUSE? THE NUMBERS DON’T LIE.
Every Ugandan dreams of owning a decent home. For many, that dream is a modest 3-bedroom house, enough space for a family, privacy for guests, and a touch of dignity. But how realistic is that dream for formal sector workers in today's economy?
Formal working class employment brings structure, stability, and access to credit, including mortgages. But access does not equal affordability. Most banks in Uganda offer a home loan or a mortgage with interest rates hovering around 17%, stretched over 20 years, and require a down payment of at least 20%. For someone earning UGX 1.2 million per month, that math matters.
Financial experts agree: no more than 35% of your monthly income should go toward housing. That caps the repayment capacity at UGX 420,000 per month. Under these terms, such a worker qualifies for a mortgage of about UGX 50.55 million.
Add a 20% down payment to that loan, and the total affordable house value rises to about UGX 62 million to UGX 69 millio
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UGANDAN REAL ESTATE MARKET MID YEAR 2024 REVIEW AND FUTURE OUTLOOK.
First Half of the Year 2024 Review.
The Ugandan real estate market has experienced a dynamic first half of the year 2024, marked by several significant trends and developments. The sector has shown resilience and adaptability in the face of both local and global challenges. Here are some key highlights.
Steady Demand for Residential Properties.
The demand for residential properties, particularly in urban areas like Kampala, Entebbe, and Jinja, has remained robust. Factors contributing to this steady demand include urbanization, a growing middle class, and a youthful population seeking homeownership.
Commercial Real Estate Dynamics.
The commercial real estate sector, including office spaces and retail outlets, has witnessed mixed performance. While there has been a resurgence in demand for retail spaces as the economy recovers from the pandemic's impact, the office space segment is still adjusting to the hybrid work model adopted by many companies.
Impact of Infrastructure Develop
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WHAT IS THE DIFFRENCE BETWEEN MAILO LAND AND FREEHOLD LAND?
I have just discovered that you do not know the difference between "Freehold land" and "Mailo land", you are aware about the two term but you cannot explain them or the difference between them. Those two terms are often encountered in the realm of land ownership and they represent different land tenure systems. Understanding the distinctions between them is crucial if you are interested in property matters, especially in the context of Uganda.Freehold Land:Freehold land, also known as fee simple land or absolute ownership, is a land ownership system that grants landowners complete and indefinite rights over their land. Here are the key characteristics of freehold land:1. Absolute Ownership:
Under the freehold system, landowners have absolute and unrestricted control over their land. They can use, sell, lease, or transfer the land as they see fit. This gives them the highest level of ownership rights, and their decisions about the land are free from government or third-party interferen
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HOW MANY REAL ESTATE APPS DO YOU HAVE ON YOUR SMARTPHONE?
Smartphones have become an essential tool for nearly every aspect of life, including real estate. Whether you're a homebuyer, seller, investor, or agent, there's an app designed to simplify your real estate journey. But here's a question, how many real estate apps do you currently have on your smartphone?
The Growing Importance of Real Estate Apps.
Real estate apps have revolutionized the property industry by making information more accessible, transactions more efficient, and the search process more convenient. However, not all real estate apps are equally useful. Some apps remain dormant on a property buyer's phone, like they don't exist at all, offering little to no value. On the other hand, highly useful apps like the RED App are impossible to ignore. The RED App doesn't stay silent, it actively provides daily notifications on the latest property listings, industry news, insightful blogs, and alerts on key real estate events. This level of engagement helps drive more leads and
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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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