RED ANALYTICS REPORT. MONDAY, SEPTEMBER 30, 2024.
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Introduction to the RED Analytics Report.
The RED Analytics Report is a comprehensive, real-time property market dashboard that offers an in-depth look at Uganda's real estate market. Generated by the Real Estate Database (RED), this report provides a 30-day infographic snapshot, presenting dynamic data about property listings. It aims to assist buyers, sellers, investors, and real estate professionals by showcasing market trends and opportunities. The report's real-time nature ensures that its insights are up-to-the-minute, making it a valuable tool for anyone engaged in the Ugandan real estate market.
This blog will help you to explore the detailed sections of the RED Analytics Report, highlighting key data such as active listings, top agents, leading locations, and emerging districts. It also discusses unique property categories and special features of the market. By delving into these areas, we will uncover the significant movements and trends shaping the current property landscape in Uganda.
Active Listings: A Robust Real Estate Landscape.
The RED platform boasts an impressive 60,726 active listings, reflecting the sheer volume of real estate activity. These listings include a wide array of property types ranging from residential homes to commercial investments, presenting diverse opportunities for both buyers and sellers.
The report highlights that 1,950 new listings were added in the past month, signifying continuous market growth. Additionally, there are 25,522 pending listings in the database, representing properties whose availability has yet to be reconfirmed. These pending listings occur when agents are waiting for final verification from landlords or property owners to confirm that the property is still on the market.
This process typically involves reconfirmation of key details such as whether the property has already been rented, sold, or is undergoing any changes in status. As these properties await confirmation, they remain in a pending state, reflecting the fluid nature of real estate transactions and the importance of ongoing communication between agents, landlords, and buyers or renters
Distribution of New Listings: Rent vs. Sale.
The breakdown of new listings is crucial to understanding the current market focus. In the last 30 days, 738 properties were listed for rent, while 1,212 properties were listed for sale. The balance between these two categories offers a glimpse into the priorities of the market; while rental properties are significant, the larger number of properties for sale suggests a robust demand for property ownership.
Visual representations such as the pie and bar charts that illustrate these statistics allow us to see the disparity between rental and sale listings. The charts offer a quick overview, enabling users to engage with data efficiently and visually grasp market dynamics.
Top Agents: Market Movers and Shakers.
The RED Analytics Report also highlights key players in the market, giving credit to the top-performing agents. Leading this list is Vicent, who has introduced an astounding 648 new listings. Following him is Liz, with 186 new listings, and Yusuf, contributing 133 new listings. Other notable agents include Bonny, Ivan, and David, whose efforts reflect the competitive nature of the market.
These agents are at the forefront of new property introductions, shaping the real estate landscape by continually offering fresh opportunities for both buyers and renters. Their market presence underscores their ability to influence the direction of real estate activity within Uganda.
Top Locations: Dynamic Real Estate Hubs.
Geography plays a crucial role in real estate, and the RED report sheds light on the top locations where the most listings have been posted. Kira, in Wakiso district, leads with 209 new listings, followed closely by Namugongo and Kyanja. These areas are prime hotspots, driven by infrastructure development and growing urbanization, which have elevated their desirability.
Other prominent areas such as Kisaasi, Najjera, and Gayaza also feature strongly, highlighting Wakiso and Kampala districts as central to Uganda's real estate market. The high concentration of listings in these locations suggests both investor and buyer interest, propelled by proximity to Kampala, development projects, and residential expansion.
Top Categories: Key Property Types Dominating the Market.
Certain property categories stand out as the most active in Uganda's real estate market. Apartments take the lead with 466 new listings, reflecting their popularity among urban dwellers seeking modern housing solutions. Bungalows follow closely with 394 new listings, indicating steady demand for single-story homes in suburban areas.
Residential plots are another major category, with 278 new listings, showcasing the continued interest in land acquisition for development. Additionally, semi-detached houses and storyed houses demonstrate their relevance with significant listings, appealing to diverse buyer needs.
These property types reflect the broad spectrum of real estate preferences, catering to investors, homeowners, and developers alike.
Special Categories: Unique and Niche Listings.
Beyond conventional properties, the RED Analytics Report draws attention to more specialized listings that cater to unique preferences. Duplexes have seen 16 new listings, while commercial properties such as schools, farms, and warehouses each have a small but notable presence in the market.
These categories, though smaller in volume, represent niche areas that offer targeted opportunities for investors or specialized buyers. For instance, with just 2 new listings, farms and hotels demonstrate their exclusivity, attracting buyers with specific commercial interests or large-scale investment goals.
Top Properties Per Category: Standout Listings.
The report also presents a selection of standout properties, reflecting the best listings across different categories. For example, a bungalow in Kira is available for UGX 220,000,000, while a luxurious mansion in Munyonyo is listed for USD 850,000. These properties showcase the range and variety of the market, from affordable homes to high-end investments.
Apartments, storyed houses, and residential land also feature prominently in this curated selection, underscoring the breadth of property types and price points available to potential buyers.
Top Agencies: Market Leaders.
Agencies play a significant role in the real estate ecosystem, and the report highlights the leaders in property listings. Gitta Properties Ltd tops the list with 648 new listings, followed by Vaniland Property Consultants with 323 listings, and Prime Investment with 186 listings. These agencies are instrumental in maintaining a steady flow of fresh listings, ensuring that the market remains dynamic and competitive.
Their efforts in adding new properties reinforce their importance in driving the market forward and offering buyers a diverse range of options.
Fastest Growing Locations and Districts: Emerging Markets.
The fastest-growing locations and districts are prime areas for investment, reflecting rapid urbanization and development. The report identifies areas such as Kira, Namugongo, and Kyanja as emerging hotspots, with substantial activity in new listings. These locations are characterized by strong infrastructure development and growing residential communities, making them attractive to both developers and buyers.
On a broader scale, districts such as Wakiso, Kampala, and Mukono lead in terms of growth, with other areas like Mityana and Mpigi also showing potential. This growth is driven by factors such as improved transport links, availability of land, and increasing population density in urban and peri-urban regions.
Conclusion: Navigating Uganda's Real Estate Landscape.
The RED Analytics Report offers invaluable insights into Uganda's real estate market, making it an essential tool for anyone involved in the industry. Whether you're a buyer, seller, or agent, the detailed data presented in this report provides a clear overview of market trends, leading agents, top locations, and emerging opportunities.
As the real estate landscape continues to evolve, staying informed through such comprehensive analytics is key to making informed decisions and capitalizing on the many opportunities the market offers.
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Kind Regards Julius Czar Author: Julius Czar Company: Zillion Technologies Ltd Mobile: +256705162000 / +256788162000 Email: Julius@RealEstateDatabase.net Website: www.RealEstateDatabase.net App: Install the RED Android App Follow me on: Twitter, LinkedIn, Facebook.
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