According to the statistics there’s a housing deficit of 2.5 million houses in Uganda and it is projected to reach by 2040 to 8 million housing units.
Land is a resource that doesn’t increase in size while the population to the contrary barring any catastrophe is bound to increase exponentially.
This presents one with the opportunity to invest before prices become too exorbitant. There is opportunity to invest in different types of properties such as houses, malls, apartments, rentals or other commercial complexes.
World over there is a high rural to urban migration. Uganda’s population growth is at about 3.4 percent making it one of the highest in the world. With our population moving to urban centers at a rate of 5.4 percent.
This provides one with a sure way to plan for their retirement. If you opt to build from scratch look out for areas with high potential. If money is not much of a problem for you right now, there are places that are guaranteed to bring you big bucks should you opt to sell in future.
Like any investment learn by studying the real estate market. If you are investing in or have set up rental units then be sure to do your KYC on the potential tenants. Your property is only as good as the tenant who signs the lease agreement.
There is opportunity for anyone with money to invest in real estate. Those with large sums of money are investing in high-end luxury condominiums in Naguru and Kololo. With a condominium going from anywhere between 100,000 USD to 400,000 USD in Naguru and Kololo.
While others in the middle class are investing in the upscale Kampala suburbs and providing apartments and rentals for sale in Kyanja, Kyaliwajjala, Kisaasi, Najera, Naalya etc.
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